No Change to 1/3rd Platinum within total PM allocation
25 February 2022 close Platinum actually performed slightly better this year with a 10% gain thusfar since the start of 2022 rallying from 950 to 1050, beating both Gold and Silver performance after a longer stint of underperformance. The charts tell us that the price pressure in Platinum appears to building momentum for a larger future advance. Our alloction is still slight overweight relative to Gold and we intend to maintain this ratio until further notice as explained in this week's Gold/Platinum and Platinum/Silver ratio blogs.
31 December 2021 close Since we added Platinum to our portfolio a few months after the major drop versus gold in 2020, Platinum has performed exactly as expected auntil the market diced Platinum pl,ays no role anymore. The white metal has since weakened although not quite as deep as in 2020. As of last year, 2021, Platinum, which is the heaviest of the precious metals group and on much smaller supply, should start to play a major role in the future application of large industry move towards hydrogen energy production applications. Last week we have added a bit more Platinum as well as some Palladium which has dropped substantially from the May 2021 highs around $3,000. Palladium which is part of the Platinum group of metals will continue to play a crucial role in exhaust system catalytic converters in coming years where also hydrogen could become the fuel of choice alongside EV's. This is besides the fact that markets always return to equilibrium explained in the ratio value of Platinum versus Gold and Silver. Platinum ralliedfrom its historic 2020 bottom of 600 to 1300 and fell again towards 900 last year. The technical picture looks very promising still with Momnthly and quarterly risk weight having declined sharply indicating a string potentially rally going forward.
Platinum/USD risk position relative to Quarterly, Monthly, Weekly and Daily risk weight data.
(Previous update in brackets)
|PT % Risk
Portfolio allocation 40% (40%)