Platinum (XPTUSD)I believe that we are currently retracing the previous high. The current low area seems like a higher low on the weekly. That Mac D looks like its attempting to lose momentum and should eventually cross to the upside! I want either 38% or 61% of previous high. I won't hold forever. Just as long as I can to squeeze some juice from this nice valuable metal. Platinum is a well respected metal used throughout several industries. Platinum is used extensively for jewellery. Its main use, however, is in catalytic converters for cars, trucks and buses. This accounts for about 50% of demand each year. Platinum is very effective at converting emissions from the vehicle’s engine into less harmful waste products. Platinum is used in the chemicals industry as a catalyst for the production of nitric acid, silicone and benzene. It is also used as a catalyst to improve the efficiency of fuel cells. The electronics industry uses platinum for computer hard disks and thermocouples. Platinum is also used to make optical fibres and LCDs, turbine blades, spark plugs, pacemakers and dental fillings. Platinum compounds are important chemotherapy drugs used to treat cancers.
source: rsc.org
