Platinum

Yeah.

Normally, I've found with the Osmium, sorry, the Pay Night and the Platinum, that's the deep core.

So you've got to blow Asteroids apart for that.

Yeah, I'm

Platinum and palladium receive yet another futures trading boost.

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Platinum and palladium are among four precious metals included in new futures contracts launched in London, World Platinum Investment Council, WPIC reports, amid New York-listed Intercontinental Exchange's commencement of trading precious metals derivatives in London.

Intercontinental Exchange's contracts, which also cover gold and silver, are linked to London's established daily benchmark price auctions and offer market participants an additional way to manage price exposure and risk.

For Platinum and Palladium, the development could provide greater flexibility for investors and industrial users, although the impact on market liquidity will depend on trading activity and uptake, WPIC noted on LinkedIn.

Platinum and palladium was also given a major trading boost from September 28 when China gave international access to the trading of the two platinum group metals, PGMs, on the Guangzhou Futures Exchange, GFEX, where domestic exchange activity has been improving price discovery since the launch in November last year.

The GFEX's investment scope now reaches out to foreign institutional investors and giving them full access to platinum and palladium futures and options contracts.

On the GFEX, the form of the platinum and palladium being traded also goes beyond bar and includes sponge.

Copper in the green, up 1.66%, at $6.50 a share.

Let's see, Platinum trading at $1,555.30 a share, down 1.37%.

And Palladium trading at $1,046.50 a share, down 0.96%, folks.

So we got the gold stability kind of contrasting with silver's sell-off right now.

You've got Platinum, you've got Palladium kind of easing on the macro and industrial headwinds right now.

Copper...

Railing kind of underscore the industrial sector strength for themselves.

But silver, I think, will act a little bit more differently and more positively to a metal rebound than palladium will in particular.

Platinum might catch a bit of a bid too.

Platinum has caught a bit a couple times in the last year when gold has got expensive because it's used in jewelry in Asia.

China likes platinum.

Japan likes platinum.

So you can do all gold, all silver.

Platinum's available too, but generally we recommend a mix.

You want to have a little bit of exposure to everything.

Now, there's another partner involved.

I've only sold Palladium a few times.

Platinum, I have a lot of clients who like to buy Platinum.

It's still a minority of clients who do that and the orders that we do, but we can sell any of those four metals.

Platinum is interesting right now because you have it well below the gold price.

It's like almost a third of the gold price, and this is kind of unheard of.

Typically, it's above gold's price.

That's 8 to 1.

Well, silver ain't no 8 to 1 to gold.

I nailed that one.

I'm not a trader, but I nailed Platinum last year.

I've got tweets showing I'm now going into Platinum.

And I've got Lynn Alden's talking about Platinum.

And we got Peter Buchvar talking about Platinum.

So there's a couple of us talking about Platinum.

And then it took off, what, 130% or something, right? But I'm not a trader, but I did enjoy that trade.

Now, I haven't sold any.

Maybe not in the same form that she looks like now, but still standing for the gospel of Jesus Christ.

And then finally, platinum's known for its rarity, it's known for its resilience, and it's known for its versatility.

Platinum is used in a couple of things, but three that stood out to me in particular that could not be more different from each other.

Number one, it is used for jewelry.

We know that.

Platinum is pretty, it's shiny, it doesn't tarnish.

Again, that's part of its resilience.

It doesn't do all the things that some of the other metals do.

Copper's very high.

Platinum's very high.

Gold and silver are correcting, but that's perfectly natural.

At the end of the day, the 2% of total investment that is in commodities is going to go far higher.