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#SaxoStrats - Buying platinum, selling gold

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June 17, 2015 auto industry, automobiles, autos, commodites, commodities, commodities gold, commodities markets, commodities prices, commodities supply, commodities trading, commoditiies, commodity, commodity corner, commodity currencies, commodity currency, commodity gold, commodity index, commodity investing, commodity investments, commodity market, commodity markets, commodity outlook, commodity prices, commodity sector, commodity strategy, commodity trade, commodity trading, commoditymarket, gold, gold bullion, gold buying, gold commodity, gold demand, gold dollar, gold exchange, gold future, gold investing, gold investment, gold levels, gold long, gold predictions, gold price, gold prices, gold spot, gold support, gold trade, gold trading, goldprice, platinum, platinum buy, platinum cheap, precious metal, precious metal prices, precious metals, precious metals prices, preciousmetals, saxo, saxo bank, saxo tv, trading, tradingfloor.com, xau, xauusd, xptusd
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.