Platinum

But that's what I'm doing now (except it has to be metal backed paper because I'm trading in my IRA.) I have a LOT of physical and don't need to get any more ever - in fact I'm selling some now to get other stuff to get prepared I have so much. I don't want to trade that for physical platinum since I doubt if platinum will be a very good vehicle if the SHTF. PPLT OTOH I think will be convertable into a shitload more gold and silver ozt than I traded for it sometime between 1 to 4 years from now and in the mean time that 1:1 is pretty damn strong support (even though it's been breached to 1:1.01 lately) and I believe gold CAN'T go up without dragging platinum up with it big time just because that support level is almost graven in stone.

I did this once before the last time the ratio hit 1:1 and it was like a wet dream trade but it takes a little patience (If a couple years can really be called patience.)

Ibú Ayé fun me opolopo owo

I haven't traded a thing for months; the bulk of my IRA is in PPLD. The rest, EXK, GDXJ, SLV, & NUGT have been my gold & silver plays & all are down. NUGT switches from 2x bull to 3x bull on Decembr 1. Platinum is still the way for me to go but it feels good to have skin in in Au & Ag via the miners.

Ibú Ayé fun o mi opolopo owo.

Jack,

Thanks for the "feds primary dealers are buying platinum" article. 

I followed the links to the Year-to-date Metals Issues and Stops report

http://www.cmegroup.com/delivery_reports/MetalsIssuesAndStopsYTDReport.pdf

Each firm has four rows:

The first is for the firm's customers "C" that are providing product "I" because the held a short position when the month came to an end. 

The second is for the firm's customers "C" that are taking delivery "S" because the held a long position when the month came to an end.

The third is for the firm's house account "H" that is providing  "I"

The fourth is for the firm's house account "H" that is taking delivery "S"

For 2011 through Nov 4:

Jefferies customers provided 1339 net platinum bars

Jefferies house account took delivery of 46 bars

JP Morgan customers took delivery of net 734 bars

JP Morgan house account took delivery of 346 bars

I  see where your author gets his "primary dealers are buying platinum" thesis, but a 50 ounce bar at $1700 an ounce is $85K  putting the JPMorgan additional 346 bars investment at 29.4 Million$, seems like sort of small potatoes on their scale.

A couple months ago, I sold all the EXK at $12.97 (which was my only holding and entire account) out of my Roth IRA (which is a fraction the size of my contributory IRA) and have just let the cash slush around in there earning zero interest. I didn't know what I wanted to do with it - but I didn't really want cash even though USDX has moved up - and silver creaped me out.

Today, I took it all and bought PPLT at $157.00.

I dowsed what to buy, though dowsing financial investments isn't always a sure thing. I do know up or down there is a very nice cushion in the ratio that will help protect this PPLT (as well as the much greater amount of PPLT in my other IRA) as the ratio closes back to normal.

Nick, thank you for the article; it influenced me as I was considering buying a palladium ETF (because I love the look of palladium much more than I do that of platinum LOL).

I'm just starting to be hit by a series of very financially favorable Jupiter transits that happen only once every twelve years. The last time around I made a fortune, bought my house free and clear, and couldn't lose money if I tried. I expect this to be the case again this time around.

Ibú Ayé fun o mi opolopo owo

Sorry, haven't visited this thread for too long. With Pt again trading above parity to Au it may be worth reconsidering strategies.  I like 54:1 to go from Pt to Ag  (Pt goes up ~$100 w/ Ag about flat).

In the other direction 46:1 (Ag at ~$37.5 with Pt < $1725)

I only trade physical and try to keep premiums to a minimum.

Above all else, keep stacking any PM and stay out of fiat.

Even Ni and Cu are better than paper.

I am really liking the action here for platinum, above $1600 and still cheaper than gold. Less political risk, that's for damn sure! The boys don't care so much about the price of platinum...yet

Long Oct Platinum / Short Gold Spread is at historic levels, -205 (2 50oz Oct PL contracts against 1 100oz Oct GC Contract).

Will Platinum ever get a rally going to follow gold and narrow this spread back towards parity?  Or is platinum foretelling further low prices for gold?  Or has platinum essentially decoupled from gold?  This spread as recently as a month ago was at -130?  So selling the PL short and being long the gold in the spread has made $7500 in a month.   Will this historical low level of -205 to -215 hold up, or are we getting ready to plunge into new negative territory. 

I've noticed that the spread seems to get pushed to new lows during the day every day lately, and then pull back overnight by 5 or 10 points.  I was able to play that last night by taking a spread at -199 and covering it at -189 overnight.  Am in now at -205, will look to cover at -195 to -199 overnight.

http://www.zerohedge.com/news/2013-01-24/visualizing-platinum-palladiums...

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