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One Day, Platinum Will Shock The Market


  • The laggard for too long.
  • Weak versus gold since 2014.
  • Weak versus palladium since 2017.
  • Even Rhodium has soared.
  • PPLT on all dips for the long term.
  • Looking for more? I update all of my investing ideas and strategies to members of Hecht Commodity Report. Get started today »

We heard the word "patience" from the Fed last week when the U.S. central bank backtracked from their hawkish approach to monetary policy that dominated their decisions in 2018. Patience is "the capacity to accept or tolerate delay, trouble, or suffering without getting angry or upset." The synonyms for the term are forbearance, tolerance, restraint, resignation, stoicism, fortitude, sufferance, and endurance.

The Fed pledged that they would take a more prudent approach to increasing the Fed Funds rate over the coming months, but it will be economic data that ultimately drives their decision-making process. Following the late January message from the central bank, many market participants were anything but patient when it came to their approach to investing and trading. Stocks rallied in the wake of the Fed meeting as many called the pivot from a hawkish monetary policy the "Powell Put" on the stock market.

I have been a patient investor in the platinum market for far longer than I would like to remember. I have bought the metal on a scale-down basis since 2017 and have watched the price deteriorate and evaporate. With a renewed sense of fortitude, I am waiting for the day when platinum finally reflects its true nature as one of the rarest precious metals with a myriad of industrial applications. Based on the price action in gold, palladium, and even the rhodium markets, platinum remains far too cheap at its current price and patience is the one virtue I must remember so that I can participate when the long overdue correction to the upside finally arrives.

The Aberdeen Standard Physical Platinum Shares ETF product (NYSEARCA:PPLT) is a highly liquid instrument that does an excellent job tracking the price action in the platinum market as it holds 100% of its assets in platinum bullion.


The Hecht Commodity Report is one of the most comprehensive commodities reports available today from the #2 ranked author in both commodities and precious metals. My weekly report covers the market movements of 20 different commodities and provides bullish, bearish and neutral calls; directional trading recommendations, and actionable ideas for traders. I just reworked the report to make it very actionable!

This article was written by

Andrew Hecht profile picture
Weekly commodities commentary and calls, from a Wall Street veteran
Andy Hecht is a sought-after commodity and futures trader, an options expert and analyst. He is the #2 ranked author on Seeking Alpha in both the commodities and precious metals categories. He is also the author of the weekly Hecht Commodity Report on Marketplace - the most comprehensive, deep-dive commodities report available on Seeking Alpha.

Andy spent nearly 35 years on Wall Street, including two decades on the trading desk of Phillip Brothers, which became Salomon Brothers and ultimately part of Citigroup.

Over the past two decades, he has researched, structured and executed some of the largest trades ever made, involving massive quantities of precious metals and bulk commodities.

Andy understands the market in a way many traders can’t imagine. He’s booked vessels, armored cars, and trains to transport and store a broad range of commodities. And he’s worked directly with The United Nations and the legendary trading group Phibro.

Today, Andy remains in close contact with sources around the world and his network of traders.

“I have a vast Rolodex of information in my head… so many bull and bear markets. When something happens, I don’t have to think. I just react. History does tend to repeat itself over and over.”

His friends and mentors include highly regarded energy and precious metals traders, supply line specialists and international shipping companies that give him vast insight into the market.

Andy’s writing and analysis are on many market-based websites including CQG. Andy lectures at colleges and Universities. He also contributes to Traders Magazine. He consults for companies involved in producing and consuming commodities. Andy’s first book How to Make Money with Commodities, published by McGraw-Hill was released in 2013 and has received excellent reviews. Andy held a Series 3 and Series 30 license from the National Futures Association and a collaborator and strategist with hedge funds. Andy is the commodity expert for the website about.com and blogs on his own site dynamiccommodities.com. He is a frequent contributor on Stock News- https://stocknews.com/authors/?author=andrew-hecht

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

The author always has positions in commodities markets in futures, options, ETF/ETN products, and commodity equities. These long and short positions tend to change on an intraday basis.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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