PlAT is just an index of Platinum related stocks and it seemed to have peaked in 2007 and then followed all other indices down as well. There is no way I can put a wave count to this, but we could be at the point where Cycle degree wave 4 has already bottomed. We may still be in a fake rally but longer term I’m very bullish. Was the crash a human-caused crash, or just another flash crash?
This is a chart with weekly settings and the crash shows up as a single drop. Platinum is the third highest traded metal after gold and silver, but the media does little to report on platinum.
I only wanted to post this ugly looking crash once, but I will post a little more with the ETF that tracks platinum as a metal. (PPLT)
When we take this same chart and switch it to a monthly setting, then that solid line you see disappears and we are left with a massive gap!