RE: RE: RE: NEW!!My guess, if 3 banks loaned ELR $100 million...the books must look good!
I say quarterly news will be positive!
It might be a prefect storm brewing, postive quarterly results, price of platinum skyrocketing and approval for new production plant..SP may explode in near future.
Plus, we're not even in the seasonal market for platinum!
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%.