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Platinum Concerns

12/2/2019

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If you are in Platinum now as I am, there are danger signs ahead,  The latest commitments of Traders report was released, covering positions through last Tuesday.  The report shows that smart money hedgers have moved to a multi-year short position against platinum.  When this group of traders held more than 50,000 contracts net short over the past 8 years, platinum declined over the next 2-3 months every time, and the average loss was 9-13%.
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Commercial Hedgers - Commonly believed to be the "smart money",  are the traders who are involved in the day-to-day operations of each commodity. They have an excellent handle on the underlying market, and it typically pays to follow their positions when they reach an extreme.
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    Those that know me know that I resist publicly recommending speculative trades.  I consider myself a risk manager after all.  I do not place clients into situations that increase risk.  This page is purely speculative in nature.  Do not use farm money for this page.

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     Steve Wade of Wade Assurance is an associated person for AgDairy LLC.

                           Commodity Risk Disclosure Statement

The risk of loss in trading commodity futures contracts can be substantial.  You should, therefore, carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

Wade Assurance is an equal opportunity insurance provider.
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