Secular Bull Market in Platinum is Imminent

One of my higher conviction boomer plays of the next few years is long platinum. A variety of fundamental reasons why a secular bull run is potentially beginning but suffice to say it is a deeply hated and ignored asset trading roughly around production cost for over 10 years now. This has built a liquidity base of long term holders that can serve to propel a major advance. A defensible floor below current prices with powerful upside potential = tremendous upside asymmetry.

Data going back over 150 years shows the platinum/gold ratio is the cheapest since Civil War era; a time where the metal had no industrial use. Historically, platinum has always followed gold for each of its secular bull markets with some lagging period at first - the current lag the most dramatic in decades. It has the attention of very few investors, with ETFs seeing net outflows in recent years as a sideways market frustrated any steadfast believers.

Futures breaking out to new 3 month highs today. If we can convincingly clear $1,070 I believe the breakout has high likelihood of seeing substantial follow through and is more apt to be trusted than prior attempts over recent years.