GOLD/PLATINUM Ratio Price Risk Trend
(Previous update in brackets)
|Gold Platinum ratio||Monthly||Weekly||Daily|
|Trend||↓ (↓)||↓ (↑)||↓ (↑)|
|42 (44)||27 (34)||47 (71)|
Portfolio allocation 40% (40%)
Gold/Platinum Ratio Charts
12 Nov 2021 close Platinum outperformed Gold by 2% last week with the ratio closing at 1.7205. Medium and Long term show a more positive technical for Platinum whilst Daily and Weekly could favor Gold more although risk weight is still relatively high with room for a sharp decline. All in all still the technical picture favors Platinum in all time intervals.
5 Nov 2021 close Risk weight is most likely to drop further in all time frames and which favors Platinum to get stronger versus gold. Our long term prediction of reaching at least the 50 year ratio average of 0.87, a halving from the present 1.75, still holds firmly.
Oct 31 close / 1 Nov update Friday's close was also the close for October which following a week of further weakness made the Daily risk weight of the Gold/Platinum ratio shoot up at the close and subsequently turning into a strong downtrend again this Monday Nov 1. The Ratio lost 4$ today at time of writing, dropping from 1.7550 to 1.6870. A drop and close below 1.67 will be a very bearish chart pattern. Risk weight will also turn bearish and indicate a resumption of the major cycle trend that started in March 2020. We forecast that the Gold/Platinum ratio will return to its 50 years average at around 0.87 represented by the horizontal line on Monthly and Quarterly charts below. We maintain a tiny overweight of Platinum amnd Silver versus Gold in the precious metals portfolio.