GOLD/PLATINUM Ratio Price Risk Trend
(Previous update in brackets)
|Gold Platinum ratio||Monthly||Weekly||Daily|
|Trend||↑ (↓)||↓ (↓)||↑ (↓)|
|46 (42)||42 (27)||100 (47)|
Portfolio allocation 40% (40%)
Gold/Platinum Ratio Charts
19 Nov 2021 close The tables turned again at the end of last week in favor of Gold. Our Daily risk weight exploded towards 100% risk which should put pressure on Gold early this week at least.In terms of timing trend cycles, weekly risk weight should return to a real oversold position in the near future. How this translates to prices remains to be seen, but the risk weight is on Gold weakening further once it has set an intermediate peak.
The way the precious metals are behaving as a result of a strong dollar, a strong equity market and relatively strong crypto market means that the portfolio remains very much on hold. The Gold/PLatinum ratio stays on the same longer term outlook (1:1) as long as we get no indication of an imminent change of trend. We stay with a small Platinum (14%) to Gold (12%) overweight in the portfolio.
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.