Platinum USD forecast is $1600 then par against Gold | 11 June
Platinum Price Forecast relative to Long Term Monthly - Medium Term Weekly - Short Term Daily - and Hourly (not shown) data.
PLATINUM FORECAST
(Previous week in brackets)
c
| Platinum USD | Monthly | Weekly | Daily | |||
|---|---|---|---|---|---|---|
| 1150 (1162) |
||||||
| PT Trend | ↓ (↓) | ↓ (↓) | ↓ (↓) | |||
| PT % Risk Weight |
77 (78) | 32 (35) | 25 (27) | |||
| PM Distribution Total allocation 50% (35%) |
Pt:35% | Ag:30% | Au:35% | |||
Platinum / USD live price
Platinum comment
11 June 2021 Platinum is holding its trend support line which is positive in a weaker market. Platinum managed to show the lowest printed close for the uqrter at $1150 on Friday but managed to hold the correcting ratio against gold and silver in check. Platinum currently trades in the bottom range of the past 5 months and again looks to be building a bottom at this level. It may again touch the M~arch 2021 lows at 1106, although the overall chart picture looks a bit more promising. We know from history that precious metals (Gold and Silver) can tank overnight often the result of low volume Far East market operations. Platinum of course suffers if that happens, but the larger picture is more positive and we feel much comfort from owning an equal share of Platinum amongst the metals. No Change.
04 June 2021 The 15 month old trend in Platinum has already come a long way whilst the 5 month correction is mostly sideways. We are in a long term corective bull market which has some way to go. The next target is the $1400 - 1600 range, next $1900.
There is technical bullish divergence between short/medium and long term risk weight. Our 25% price cushion is sufficiently comfortable to to stay fully invested with about 1/3rd physical Platinum of total precious metals.
PlatinumUSD (Interim) Quarterly 11 June
GOLD/PLATINUM Ratio Price Risk Charts & Analysis
(Previous week in brackets)
| Gold Platinum ratio | Monthly | Weekly | Daily | |||
|---|---|---|---|---|---|---|
| 1.6316 (1.6265) |
||||||
| Trend | ↑ (↑) | ↓ (↑) | ↓ (↑) | |||
| % Risk Weight |
25 (24) | 94 (99) | 87 (98) | |||
| PM Distribution Total allocation 50% (35%) |
Pt:35% | Ag:30% | Au:35% | |||
Gold/Platinum Ratio Charts
Daily Ratio 11 June
The Gold/Platinum ration reached over 1.65 last week and slightly turned down. The extreme high risk reading from the week before was reason to expect a turn but not from which level. We have to see what happens in coming days and weeks.
Weekly Ratio 11 June
Same as Daily with a downturn from ane Xtreme high reading. We hold our view that Platinum will return to historic equilibrium against gold which is under par.
Monthly Ratio 11 June
No major change in the Monthly chart. Short term direction is now driven by Daily and Weekly momentum.
Qrtly Ratio 11 June
Quarterly risk weight unchanged at 27. No Change to view or impact from this very long term trend indicator.
Daily Ratio 04 June
Similar picture as Platinum Silver with Gold/Platinum ratio seeking to develop bearish divergence in this time scale. Expect a correction down from the recent 1.40-1.60 move.
Weekly Ratio 04 June
Risk weight closed the week at near 100%. The next few weeks should prove a continuation of the new trend that started in March 2020.
Monthly Ratio 04 June
The interim Monthly correction at this percentage risk level (25%) as shown above cannot be used as an indicator in its own right. Given the shorter term position this monthly is more likely to return to the trend that started with a double monthly top in 2020. We would like to see bullish ratio price to risk weight divergence to call a potential bottom. Still aiming for par.
Qrtly Ratio 04 June
Quarterly Risk weight of the Gold/Platinum ratio actually is still down but at the higher interim level of 27%. Creating more potential in this longer term correction cycle back to par.