Opportunity in Platinum for a long term trade
Updated
Platinum price is severely depressed compared to Gold price. It is now close to its 2009 multi-year bottom around 760$ per ounce. In the long run this is a trade with great risk/reward potential. I am playing here with an outlook for a 1000$ target which is 200$ from the current levels or close to 25%. Of course somebody with more long-term horizon can stay with the trade for much much higher gains. Even 2000$ is not impossible in next 3-5 years.
Note
The opportunity is still in place. Take in mind this is a long term play 3-7 years time horizon or even more. Don't play with CFD because they can be quite costly in the long run. Best way to play this idea is to keep physical Platinum in store!
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