Platinum investment is on track for 2021 | 2 April
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)
| Platinum USD | Monthly | Weekly | Daily | |||
|---|---|---|---|---|---|---|
| 1198 (1209) |
||||||
| PT Trend | ↓ (↓) | ↑ (↑) | ↑ (↑) | |||
| PT % Risk Weight |
82 (82) | 62 (62) | 56 (56) | |||
| PM Distribution Total allocation 35% (35%) |
Pt:35% | Ag:30% | Au:35% | |||
Platinum / USD live price
Platinum comment
9 April 2021 close: Admittedly Platinum looks a little shaky right now and traders could play the current down trend with a view to get back on board. All risk weight time scales are down but not decisively enough to call a change to the cycle uptrend that started in March last year at $600. More pressure can be expected in the short term, which could also indicate associated weakness of the other metals. This is just correction time and we can see that investors are generally more focused on the other non-precious metal and faster moving asset classes. No Change.
2 April 2021 close: Since our entry into Platinum in Q2 2020, this heaviest source of nature (21,400KG/m3) of all metals has performed very much as expected. Long term risk weight has turned down at the close of last month and continues down starting April. This downturn starts from only a medium high risk percentage with bearish divergence. We may definitely call the Platinum move that started in March 2020 a MAJOR 1O YEAR TREND REVERSAL the monthly long term risk weight has a few more important moves to make on the upside. The corrections in the shorter term time scales behave in a more bullish fashion looking to return to the main uptrend already in neutral risk ground. Our approximate 35% Platinum position within the metals portfolio is a 'Hold' aiming for the next 2011-2013 objective range of $1400-1600.
GOLD/PLATINUM Ratio Price Risk Charts & Analysis
(Previous week in brackets)
| Gold Platinum ratio | Monthly | Weekly | Daily | |||
|---|---|---|---|---|---|---|
| 145.50 (143) |
||||||
| Trend | ↓ (↓) | ↑ (↓) | ↑ (↓) | |||
| % Risk Weight |
9 (7) | 19 (16) | 48 (33) | |||
| PM Distribution Total allocation 35% (35%) |
Pt:35% | Ag:30% | Au:35% | |||
Gold/Platinum Ratio Charts
Daily Ratio 9 April
Gold/Platinum Daily risk weight has turned up and is corrective. A wider a longer sideways range is very possible. NO reason to change the longer term outlook.
Weekly Ratio 9 April
This weeks first time real correction in the Gold/Platinum ratio has changed the short term picture for the medium term time scale and could last for a few weeks. Long term outlook unchanged. Objective 1:1.
Monthly Ratio 9 April
Hard to say whether Monthly risk will continue into deeper low risk or start a correction. The most likely scenario in this primary trend closer towards long term equilibrium is a bearish risk divergence between short and long term time scales.
Qrtly Ratio 9 April
We are tempted to consider a short term correction within the present long term downtrend, but as this very long term quarterly Gold/Platinum ratio risk signal is still trending down we prefer to not interfere with the balanced metals position
Daily Ratio 2 April
Daily Gold/Platinum ratio has shown very rapid upticks in risk combination with relatively minor price moves to the upside. This pattern has been developing since June of 2020 and still applies. It reasons for continued weakness of Gold versus Platinum. This ratio may develop a more sideways corrective pattern in coming weeks, but that is for daytraders.
Weekly Ratio 2 April
The Weekly risk chart also points towards an even potential rapid move in favor of Platinum. As risk weight is already traveling into lower percentage it is impossible predict where price will move as it depends on short term time scales diverging towards a bearish high risk position. Weekly risk chart confirms a pretty safe longer term hold of Platinum.
Monthly Ratio 2 April
The low risk 7% Monthly chart is not finished and with this Gold/Platinum ratio still at a well above equilibrium price, the price move down could be significant even with a minor further risk drop or after some consolidation or correction. Our current outlook for reaching a 20, 30 or 40% lower ratio would be in 3 to 6 months.
Qrtly Ratio 2 April
Very few analysts bring in a quarterly chart to determine a larger strategy. We have done this for a long time already as it really adds insight into the larger picture and often prevents that natural and emotional drive to trade and taking profits and losses early.
At the start of April we see an immediate further risk drop from about 30 at March Q1 close to 15% risk into Q2. Low but not finished. This could confirm that we may see an intermediate bottom at a new low price ratio with 1 or 2 quarters.