Platinum opportunity knocks again | 02 Octber, 2020
Platinum Price Forecast relative to
Long Term Monthly (LT-M) – Medium Term Weekly (MT-W) – Short Term Daily (ST-D) – and Hourly (not shown) data
(Previous week in brackets)
| Platinum/USD | LT-M | MT-W | ST-D | |||
|---|---|---|---|---|---|---|
| 882 (847) | ||||||
| PT Trend | ↑ (↑) | ↓ (↓) | ↑ (↓) | |||
| Pt % Risk Weight |
71 (67) | 48 (55) | 41 (13) | |||
| PM Allocation Limit(50%) | Invested | Pt:20% Ag:45% Au:35% (100%) | ||||
Platinum/USD live price
No change in asset allocation.
25 September:: Assets that have been extremely weak for a very long time, like physical Platinum (Pt) for 10 years, often find themselves struggle to recover in the early stages of an advance. We believe we are now in those very early stages and this is a good opportunity for investors that like to diversify into the hardest of precious metals and haven’t yet done so. As a result we will use this significant price drop to slowly add to our Platinum long position from cash looking for at least par against Gold at some point in the next sevaral years. We should expect that massive adjustment to take place a lot sooner though. Our PM distiribtion adjustment will be made next week based on a larger percentage of total assets from cash.
GOLD/PLATINUM Ratio Price Risk Analysis
(Previous week in brackets)
| GOLD/PLATINUM Ratio | LT-M | MT-W | ST-D | |||
|---|---|---|---|---|---|---|
| 215 (209) | ||||||
| Trend | ↓ (↑) | ↓ (↑) | ↑ (↓) | |||
| % Risk Weight |
67 (70) | 65 (77) | 53 (91) | |||
| PM Allocation Limit(50%) | Invested | Pt:20% Ag:45% Au:35% (100%) | ||||
Gold/Platinum Ratio Charts at week’s close 2 October,2020
02 October:: The picture in the latest Daily, Weekly, Monthly and Quarterly Gold/Platinum ratio charts below still confirms the longer term outlook where the lower high Quarterly risk weight looking very heavy in a still relatively high super long term Gold/Pt ratio.
25 September:: We will update the below charts on October 3 with the quarter end in place. The above risk weight levels are current and do not look at all bearish for Platinum. Both Monthly and Weekly turned up fairly rapidly and the large Daily risk weight rally into the 90’s tells the short term story whilst the Gold/Platinum ratio is still 10% below the March high at 247. It reflects the difficulty discussed above for Platinum to climb out of this very deep valley. Investors that have disposed of Platinum will find that the deepest levels of this hole have nothing to offer. Owning an unwanted valuable asset like Platinum may be one of the best wealth preservation opportunities around today. No Change.
Daily Gold/Platinum Risk and Price Ratio 2 Oct, 2020
Weekly Gold/Platinum Risk and Price Ratio 2 Oct, 2020
Monthly Gold/Platinum Risk and Price Ratio 2 Oct, 2020
Quarterly Gold/Platinum Risk and Price Ratio 30 Sep, 2020