Sylvania Platinum for 5/11/2019

#GOLD #SP500 When asked to review #Sylvania, it occurred we very rarely pay attention to this, one of the Earths rarest metals. Spanish miners once regarded it as an unwanted impurity in the silver they were mining, a mistake unlikely to be made today. There’s something happening with the price of platinum and we’ll deal with that first.

Presently trading around the 950 dollar mark, Platinum looks very capable of heading to 1,030 next. If exceeded, we expect some stutters around our secondary calculation of 1,060 dollars. The price needs reverse below 930 dollars to provoke hysterics against these calculations.

If Sylvania Platinum share price intends reflect the change in fortunes for the metal itself, price growth now above 39.5p suggests coming recovery to an initial 43.8p. If exceeded, our secondary calculates at a longer term (or later that day!) 49p.

Achieving 49p is liable to be almost game changing for the longer term. If the share price manages to close a session above 45.5p, it enters the hallowed lands of “the higher high”. To us, this means we require extrapolate price movement from 2013 to calculate the force driving it for the future. While this sounds like complex mumbo jumbo, it’s fairly simple logic which implies, essentially, positive market conditions allow a long term attempt at 61p before we run out of numbers.

At present, the share needs below 32p before we’d feel our optimism is about to be trashed.

FUTURES

Time Issued

Market

Price At Issue

Short Entry

Fast Exit

Slow Exit

Stop

Long Entry

Fast Exit

Slow Exit

Stop

Prior

10:07:03PM

BRENT

61.96

               

Success

10:08:51PM

GOLD

1510.43

1504

1499.5

1494

1512

1514

1516

1520

1504

10:11:18PM

FTSE

7373

               

Success

10:13:32PM

FRANCE

5826.5

               

Success

10:27:39PM

GERMANY

13132

               

Success

10:30:52PM

US500

3079.02

3073

3069.5

3064

3082

3086

3099.75

3135

3039

Success

10:34:04PM

DOW

27458

               

‘cess

10:36:15PM

NASDAQ

8216.37

               

Success

10:39:29PM

JAPAN

23137

               

Success

4/11/2019 FTSE Closed at 7369 points. Change of 0.92%. Total value traded through LSE was: £ 4,900,286,853 a change of -8.27%

1/11/2019 FTSE Closed at 7302 points. Change of 0.75%. Total value traded through LSE was: £ 5,342,127,869 a change of -12.99%

31/10/2019 FTSE Closed at 7248 points. Change of -1.12%. Total value traded through LSE was: £ 6,139,753,782 a change of 11.95%

30/10/2019 FTSE Closed at 7330 points. Change of 0.33%. Total value traded through LSE was: £ 5,484,235,986 a change of 6.15%

29/10/2019 FTSE Closed at 7306 points. Change of -0.34%. Total value traded through LSE was: £ 5,166,736,018 a change of 9.98%

28/10/2019 FTSE Closed at 7331 points. Change of 0.1%. Total value traded through LSE was: £ 4,697,887,789 a change of 4.65%

25/10/2019 FTSE Closed at 7324 points. Change of -0.05%. Total value traded through LSE was: £ 4,489,255,680 a change of -20.08%

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