Low risk buys for long-term play­ers

Both plat­inum price and Im­plats ap­proach­ing multi-year sup­port lev­els

Finweek English Edition - - Creating Wealth - COLIN ABRAMS colin@the­mar­ket.co.za Tech­ni­cal an­a­lyst

VERY OF­TEN THE BEST WAY to un­der­stand ex­tremely volatile pe­ri­ods in the mar­ket – such as we’ve seen in re­cent weeks – is to look at the re­ally long-term charts to gain a big­ger per­spec­tive. We’ll look at two monthly charts re­lat­ing to the plat­inum sec­tor to shed light not only on that metal but also re­lated com­modi­ties as well, plus re­sources stocks. The first chart is the plat­inum price (US dol­lar) and the sec­ond is Im­pala Plat­inum, go­ing back to 1998. The monthly charts show both the plat­inum price and Im­plats get­ting close to multi-year sup­port lev­els and will soon be­come low risk buys for long-term play­ers.

Please note: For more charts by the au­thor on shares, in­dices and com­modi­ties please go to www. the­mar­ket.co.za.

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