Some of our Most Admired Advisors (MAA) including Larry McDonald and Dr. Marc Faber have pointed out the bullish potential for platinum. We are aware how gold has already made a good sized move. Larry has pointed out the potential for platinum to make a move after gold has made a move. Dr. Faber has been highlighting platinum for several months already.
Goehring & Rozencwajg have done some great research on The Hidden Revival of Platinum and Palladium which is freely available at this link.
Let’s take a look at the technical chart for one of our holdings - SPPP - the Sprott Platinum and Palladium Trust, holding physical platinum and physical palladium:
In the above chart, we note the very long basing consolidation since the beginning of 2024, and then a bullish move over the downtrend line. This is very bullish from a technical analysis point of view, with a potential target we think to the 21 level at some point in time.
A Holding in our Portfolio in the Platinum Space Up Over 120% YTD
One of our holdings in the platinum space is the above - SPPP in physical platinum and physical palladium. SPPP is up over 25% YTD for us in our portfolio. We also have another holding in the platinum space, up over 120% YTD, which we remain very bullish on from our viewpoint .. let’s delve in to see what this holding is …
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