Daily risk weight is now showing potential bearish divergence in extreme risk territory. We would expect Platinum to end this short term correction versus gold within a few days.

The risk weight sprint against the long term trend continued last week.  It may not be finished but this kind of parabolic spike in a weekly time scale should not last very long.

The below comment was made two weeks ago  and still stands

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 of the Gold/Platinum ratio remains down at the same 20% risk level as last week. Platinum remains a long term equal hold to gold with a higher return potential as price delivers par sometime into next year.

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.