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Why this is the right time to buy platinum ETFs

Posted on 16 January 2014

Platinum recently entered into its annual period of seasonal strength. What are the prospects this year? According to EquityClock.com, platinum has a period of seasonal strength from Dec. 23 to Feb. 21. The trade has been profitable in 30 of the past 40 periods. Average return per period was 8.7 per cent. The commodity has outperformed the S&P 500 by an average of 6.5 per cent since 1973.
Seasonality in platinum is primarily influenced by demand in the auto and jewelry industries. The auto industry consumes about 37 per cent of the annual production and jewelry takes another 31 per cent. Platinum is also used in electronic products, anti-cancer drugs, turbine engines, and fuel cells. ……………………………………….Full Article: Source

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VRS - who has written 37015 posts on Opalesque Commodities Briefing.


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