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Platinum

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Category: Commodity

Platinum was a part of Native American tradition earlier than Columbus arrived within the New World. In 1557, Julius Caesar Scaliger writes about the metal, referencing the platinum mines of Panama and Mexico and the problem of melting the metallic based mostly on the know-how of the times. Europeans realized early on that platinum was extra valuable than gold. King Louis XV of France acknowledged platinum's rarity and declared it the only metallic fit for a king.

 

Through the nineteenth century, platinum was very tough to metalsmith. It was often mixed with iridium with a purpose to mildew it into jewelry. Across the flip of the 20th century, Russia made a number of significant platinum deposit discoveries and started to supply ninety% of the world's platinum. On the similar time, advances in metalsmithing made using pure platinum extra common.

 

Platinum's metallic properties make it highly attractive in quite a lot of business and industrial applications. It has a high resistance to temperature and doesn't oxidize in air, though it is corroded by halogens, cyanides, sulfur and caustic alkalis. What's more, it's also non-reactive to chemical assault and has excellent electrical properties.

 

1. Futures: $25 per troy ounce ($1,250 per contract)

 

2. There isn't any maximum each day commodity buying and selling restrict in the course of the present supply month and the three enterprise days previous it.

 

3. If the settlement value reaches the maximum day by day limit for 2 consecutive days in any of the outer months, the expanded each day restrict schedule will go into effect.

 

4. The utmost expanded daily limit is $50 per troy ounce ($2,500 per contract)
U.S. Government Required Disclaimer - Commodity Futures Trading Commission

Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. All trades, patterns, charts, systems, etc., discussed in this advertisement and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher or Tradewins.