Gold and Platinum（July, 2017）I think it's dangerous to think risk on continues forever.

= = = Platinum price is fall ===.

Gold and Platinum ． in which platinum of price is usually more expensive -- this is carried out to since annual production volume of Platinum is called quantity of 1/12 and has scarcity value, if it is measured against it of Gold．

Although it stopped hearing Gold not much these days [ 、 ], it is called substitute money 、 riskless assets 、 last resort etc.
if trust is lost, price will rise -- use for industry receives many flaps of deceleration of the world economy, and 。 one side 、 platinum serves as 、 demand decline → price decline -- if spread of Gold and Platinum becomes large as a 。 result, stock price will rise -- 、 -- 。 in which stock price will fall if it becomes small

=== Price trends of [Gold and Platinum in  July, 2017 ] ===

If 、 margin of decline checks comparison graph of spread of 。 Gold and Platinum, and stock price which five months reduced for a while although price of platinums is less than price of Gold for 31 consecutive months from 、 January, 2015, as for spread of Gold and Platinum in July, 2017, Platinum must receive Gold.

 which is becoming uneasy at car market of 、 N.A. although catalystic of automobile of 。 Platinum which you may judge it turned out that stock price is also firm when price was in superiority, but carried out trend conversion is max demand 

= == CFTC open interest detailed trend ===

Check 、NY Gold CFTC open interest details and NY Platinum 　CFTC open interest details with seeing range of prices of Gold and Platinum. Since direction of 、 Platinum is [ on June 27 / as opposed to / in direction of 、 Gold / 90,831 sheets ] 10,183 sheets in 10,533 sheets 。CFTC open interest detailed month with ておく necessity at 131,672 sheets on July 25 on June 27 on July 25 As for Gold and Platinum, direction of 。 Gold which is sale is [ speculation idea ] 。 whose margin purchase decreased greatly.

=== they are cautions also to  shale oil  ===

It is 。 in which it is well known for 、 crude oil and order correlation about price of Gold that they are 、 dollar and negative correlation, and 、NY crude oil CFTC open interest details of large quantity speculation idea are also increasing.

= = = Conclusion ===

It is 。 which I regard as whether it is hazard which is regarded as 、 risk-on continuing forever in July although stock was firm and product also went up.