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After the solid rallies in both silver and also gold, Todd "Bubba" Horwitz told Kitco News on Thursday he is currently long on platinum.
" We were short platinum until concerning 3 weeks back. Platinum looks [to strike] $1,100 or $1,200 next," stated Horwitz.
Since twelve noon ET Friday, as the rare-earth elements were selling off, October platinum was trading at $969.10, down 4.42% on the day.
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Why a precious metal investor turned bullish on platinum
After the strong rallies in both silver and gold, Todd "Bubba" Horwitz told Kitco News on Thursday he is now long on platinum.
"We were short platinum until about three weeks ago. Platinum looks [to hit] $1,100 or $1,200 next," said Horwitz.
As of noon ET Friday, as the precious metals were selling off, October platinum was trading at $969.10, down 4.42% on the day.
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