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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%.  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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This PageThe Speculation page is used for educational purposes and to talk about current trades we are in. The Pit is where we post new trade recommendations. This is also a blog page where you can ask questions, post your thoughts or ask for help. Be sure to use an anonymous name as you may not want your neighbor knowing what you are up to. Archives
October 2020
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