Daily risk weight rushed up to 100% and turned down at 96% whilst well up on last week. Completion of the short term Platinum correction may take another week or 2 even in order bring Weekly risk weight into

Weekly Gold Platinum ratio risk continues to sprint upwards without, relatively, much price change. Reason to remain patient for this longer term trend to return to equilibrium.

We simply repeat last week's comment in this longer term chart:

The mild correction that has been developing since February has caused this blip up in risk weight which again could easily last a bit longer although we are looking at an interim monthly chart reading. We expect the Gold/Platinum ratio price to fall into the 1.20 to 1.30 range that was recorded in 2015-2016. We are in the early stages of a major reversal cycle trend and that always develops bullish divergence near the end of the cycle before a major potential turn can be expected. That has yet to materialize.

The correction in the current trend is now pushing risk weight to 20% from 18% last week. The trend from last Quarter is still strongly down and thus more room to process a larger price adjustment during the next few quarters. That next few quarters Gold/Platinum ratio downtrend could materialize anywhere from Q4 2021 into 2023.

Quarterly Risk weight increased from 16% to 18% this week versus 30 April and versus 28% on March 31. The Quarterly risk trend is strongly downward and needs shorter term time scale confirmation to be broken. We suspect this is many quarters into the future so we stay with the leading long term trend.

Daily risk weight turned up one week ago, down during the week and ended turning up at a slightly lower risk level. It looks and feels like the 1.40-1.50 consolidation range may continue a while longer. Historically we'd be looking for a deep Daily risk weight level before a more serious reversal can materialize. Downtrend not finished.

On the weekly chart we notice the relative risk versus price as the current sideways pause looks quite tiny whilst risk weight developed a strong upturn. Upward price pressure may continue and lengthen a bit but the outllok is for a resumption of the downtrend within one or two weeks.

The mild correction that has been developing since February has caused this blip up in risk weight which again could easily last a bit longer although we are looking at an interim monthly chart reading. We expect the Gold/Platinum ratio price to fall into the 1.20 to 1.30 range that was recorded in 2015-2016. We are in the early stages of a major reversal cycle trend and that always develops bullish divergence near the end of the cycle before a major potential turn can be expected. That has yet to materialize.

Quarterly Risk weight increased from 16% to 18% this week versus 30 April and versus 28% on March 31. The Quarterly risk trend is strongly downward and needs shorter term time scale confirmation to be broken. We suspect this is many quarters into the future so we stay with the leading long term trend.