Goldtent TA Paradise

shhhhh

1. Highroller says:

   May 20, 2025 - 1:45 pm at 1:45 pm

   China’s demand for platinum is rising, driven by both investment and industrial needs. This includes increased demand for platinum bars and coins as a safe-haven asset, as well as a surge in demand for platinum jewelry. The country is also a major consumer of platinum for industrial applications like catalytic converters and laboratory equipment.
   Here’s a more detailed look:
   Investment Demand:
   China is becoming a major market for platinum investment bars and coins, surpassing North America. Demand for these has more than doubled in the first quarter, making China the largest market for platinum retail investment.
   Jewellery Demand:
   Platinum jewelry demand in China is experiencing a revival, contributing to a deeper-than-expected global platinum deficit.
   Industrial Demand:
   China is a major consumer of platinum for its industrial applications, including catalytic converters, laboratory equipment, and other sectors.
   Global Market Impact:
   This rising demand, particularly in China, is contributing to a tightening of the global platinum market, as demand is expected to outstrip supply in the coming years.
   Trade:
   China is a major importer of platinum, primarily from South Africa, Russia, and Japan. In 2023, China imported $5.77 billion worth of platinum.
   Strategic Importance:
   Some analysts believe that China’s buying of platinum, especially investment bars, may be a strategic move.

   https://finance.yahoo.com/news/china-imports-most-platinum-squeeze-064236117.html

2. Nautilus says:

   May 20, 2025 - 2:09 pm at 2:09 pm

   $HUI:$INDU SIL:$INDU and SILJ:$INDU–all three arguably in descending wedges in place since 2016.

   There will be an opportunity to break above the upper rail this year, if not imminently. Importantly, the 200 and 400 DMAs have positively crossed, which is one of the best indicators of a sustainable rally. I’m optimistic.

   • Nautilus says:

     May 20, 2025 - 2:16 pm at 2:16 pm

     The 200 week bollinger bands for these ratios are the narrowest they have been in their respective histories. A historic move has already begun IMO.