Trading thoughts and ideas
Analysis of a wide range of stock, commodities and FOREX charts.
Specialized in gold and silver small-mid cap mining companies.
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Sunday, February 6, 2011
Platinum ahead of Gold, PTM.TO expectations
Comparing other mining companies (gold/silver) such as SSB, AXR, EDR, PTM has some more room to run based on the Slow Stochastics. These are all on the TSX.
MACD: not displayed but the cross over looks like it will happen this upcoming week indicating a "buy" signal.
As gold and silver are working their way up through decently heavy resistance areas, Platinum has made the highest high since the recent financial crisis in 2008. Therefore there is potential for platinum to have a nice run over the next few weeks before a correction to retest that 20 Day MA
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