Jonathan Kitchen
By Jesse Colombo
After fifteen years of stagnation, platinum has woken up in a big way, with an impressive 36% surge over the past two months. Even more exciting, this bull market may just be beginning.
Although
A Report On The Bullish Case For Platinum
Summary
- After fifteen years of stagnation, platinum has woken up in a big way, with an impressive 36% surge over the past two months.
- One key driver behind the recent surge in platinum prices and a cornerstone of the bullish case for platinum is the significant decline in supply from both mining and recycling.
- An examination of the weekly chart of platinum highlights the significance of the triangle pattern, which has been forming since 2022.
- Evidence of platinum’s current undervaluation is evident in the platinum-to-U.S. M2 money supply ratio, which is near its lowest levels over the past five decades.
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