A forgotten precious metal March 23, 2016 Archives | Unsubscribe How to Profit from the Return of "Rich Man's Gold" A forgotten precious metal Breaking free of a nasty downtrend Plus: Drinking beer and staying the course Greg Guenthner coming to you from Baltimore, MD... I've said it before and I'll say it again: some of the best trading opportunities we've seen in months keep popping up in commodities. And there's a brand new setup on our radar this morning that could bring us some scorching short-term gains. It's a precious metal trade—one that most folks haven't even thought about for more than five years. I'm talking about platinum… When you think precious metals, I'm sure gold and silver are the first that come to mind. Platinum is the forgotten precious metal. But it's actually incredibly scarce compared to gold or silver. That's why it's often referred to as rich man's gold. Experts say 20% of everything we use contains platinum or uses platinum in the production process. It even has industrial and cosmetic uses. And we can trade it for double-digit gains. In fact, platinum has the cleanest chart of all the precious metals right now… This platinum breakout comes after years of pain. Unless you've been living under a rock for the past decade, you're aware of the commodity boom-bust cycle that ramped metals and other commodities to record highs—only to slam them back to earth. Unlike gold, platinum has been the victim of much more extreme price swings. It dropped a mind- boggling 65% from its highs during the financial crisis. And platinum's spot price fell short of its 2008 highs as the commodity supercycle peaked in 2011. But that's ancient history. Now there's a fresh breakout sprouting wings right under everyone's nose. And if you're fast on the draw you'll find yourself sitting on some nice gains… As you can see from the chart, platinum has broken free from a vicious downtrend. The sharp move we've seen off of the January lows could very well be the beginning of an even bigger rally. To be clear: I'm not declaring an end to the vicious commodity bear that's mauled everything from crude to cotton. What we're seeing right now could be nothing more than a snapback trade that eventually fizzles. In the short run it doesn't matter. And that's what this is: a short-term trade. And these mean reversion trades can be insanely profitable. Whenever a stock or commodity get's a little too hot or too cold, you can bet the market will issue an abrupt reality check. No one was bullish precious metals earlier this year. That simple fact helped set up the rally we're seeing today. All precious metals are down about 1% or more this morning. This could be the perfect opportunity for us to get in and ride the next wave higher. Platinum is as good as gold. Only better. Sincerely, Greg Guenthner [Ed. Note: Send your feedback here: rude@agorafinancial.com - and follow me on Twitter: @GregGuenthner] SHOCKING: Voicemail of Famous TV Anchor Leaked We recently got a hold of a voicemail from a famous financial anchor. Warning… what you're about to hear is controversial. But we think you should hear this voicemail. It could have a major impact on your wealth this year. Take a listen here. Rude Numbers When to Buy... When to Sell 12 points were added to the Nasdaq Composite yesterday. The Nasdaq was the only index to finished Tuesday's session in the green... 81% of all stocks trading on major U.S. exchanges are above their respective 50-day moving averages... $41.15 buys a barrel of crude today. Oil is down approximately 30 cents in early trading... $1,230 is where you'll find gold futures this morning. The yellow metal is taking a hit today. It's down $18 so far... 2,043 marks the spot for S&P futures before the morning bell. Stocks are set to open just barely in the green today... Rude Trends When to Buy... When to Sell I caught up with a few of your letters over the past couple of days… "As an 87-year-old who drinks only beer, I'm quite happy with Miller Genuine Draft and will stay on course," a reader says in response to our investigation into a potential beer bubble. "Any questions?" Beer drinkers take note: heavy beer might be the secret to a long and happy life. Maybe we should all consider switching from Miller Lite to MGD. We have space for one more note today… "Averaging down with securities is a bad move," another reader says. "I did it once and I regret it. Never again." I hear you loud and clear. Let's leave the averaging down to the hedge fund celebrities. It must be so easy to throw a pile of cash at a losing investment when the money's not really yours… Ignore At Your Own Peril Today's Must Read Links [Caught on Tape] Why This CIA Insider Wants Your Home Address>> True Story: Former Soybean Farmer Buys 164-foot Yacht. Here's How>> God's "Healing Switch"... Inside Your Body! (This will shock all atheists and non-believers.) Add rude@agorafinancial.com to your address book: Whitelist us Additional Articles & Commentary: Daily Reckoning Website Join the conversation! Follow us on social media: The Rude Awakening is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Agora Financial delivering daily email issues and advertisements. To end your Rude Awakening e-mail subscription and associated external offers sent from The Rude Awakening, click here. Please read our Privacy Statement. For any further comments or concerns please email us at rude@agorafinancial.com. If you are you having trouble receiving your Rude Awakening subscription, you can ensure its arrival in your mailbox by whitelisting The Rude Awakening. © 2016 Agora Financial, LLC. 808 Saint Paul Street, Baltimore MD 21202. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice. We expressly forbid our writers from having a financial interest in any security they personally recommend to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.