Today is Tuesday, March 12, 2019. Yesterday was an important test of the Platinum market, with prices down from a recent high of $879 to a low, on April 2019 futures of $810. The sell off was a classic mistake and I think an important test. At the moment April Platinum is $835, and I don't think it will see $810 again.
The market doesnt really get it. I urge you to read my eBook to explain, but briefly, the pull of Palladium is impacting Platinum. In point of fact, Platinum is a substitute for Palladium in catalytic converters, and the difference in the price of the two metals makes no sense. The drop off in diesel car demand, which has led to the excess of Platinum, whose loadings are significant in diesel cars is a market fake out. Yes, there has been excess supply... but just wait for this story to unfold to hear what will happen with that Platinum!