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#SaxoStrats - Buying platinum, selling gold

Platinum (XPTUSD) has reached a six-year low. The metal is trading at a 9% discount to gold and is now cheap relative to gold, says Saxo's Ole Hansen. 


In this #SaxoStrats, Hansen examines the key risks including the Greek escalation which could benefit gold. He also looks at the auto industry which is using less platinum. 

Hansen looks at buying XPTUSD and selling XAUUSD.
Entry: USD 104 spread
Stop: USD 110 spread
Target: USD 80 spread
Timeframe: 1 to 2 weeks

You can read more about this #SaxoStrats here.


01:01 minutes
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