RE: Dow, Platinum Mraket, ELR CorrelationI agree SunnyBeach, markets are going to be very choppy for the next year.
It's halarious seeing good news one day and bad news the next. Day traders must be having a field day.
I'm just hoping the regular seasonal patterns for platinum holds.
If ELR can hold on to it's stock value until October, hopefully we'll get a good bounce in stock price.
10% bounce recently, which is not too bad! We should see a quarterly press release shortly from ELR!
Platinum Futures (PL) Seasonal Chart
The above chart represents the seasonality for Platinum Futures (PL) Continuous Contract for the past 20 years.
- Date range: January 1, 1990 to December 31, 2009
- Type: Commodity Futures – US
- Symbol: PL
Platinum Futures Continuous Contract Seasonality
Analysis has revealed that with a buy date of October 4 and a sell date of May 23, investors have benefited from a total return of 761.53% over the last 10 years. This scenario has shown positive results in 10 of those periods.
The buy and hold return for the past 10 years was 289.98%.