Here is a chart of Platinum (PL1!) divided by S&P500 (SPX). This is a good indicator of breakout in a stock, commodity, etc, breakout.
Whilst PL1! hasn't broken out vs SPX yet, as you can see. It does certainly look like it may well have bottomed, and hopefully reversing very soon.
If you link PL1! to industrial metals, then the narrative is starting to suggest that pure EV is slowing.
If you link PL1! to precious metal trade, then Gold and Silver are most definitely starting their engines thanks to BRICS and the Shanghai Gold Index.
I personally think it'll catch a ride on both of the above. ... double bubble, if you will.
POD with Australia's largest (or Top 3) Platinum resource, and a MC of $12m.
I've accumulated accordingly over the last few months. Potential RvR here is insane, if either of the above play out ... or both. DYOR
PL1!/SPX. Log. Weekly.
Here is a chart of Platinum (PL1!) divided by S&P500 (SPX). This...
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 (20min delay)
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Last
5.0¢ |
Change
0.003(6.38%) |
Mkt cap ! $22.73M | |||
| Open | High | Low | Value | Volume |
| 5.1¢ | 5.1¢ | 5.0¢ | $4.485K | 88.61K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 110244 | 4.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.0¢ | 46262 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
5.1¢ |
Change
0.003 ( 8.51 %) |
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| Open | High | Low | Volume | ||
| 5.1¢ | 5.1¢ | 5.1¢ | 4830 | ||
| Last updated 14.24pm 03/05/2024 ? | |||||
| POD (ASX) Chart |