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


02 October:: We are suprised that Platinum hasn’t already breached the 1037 level. It probably means that too many investors have been hurt over the years and market consultants turned completely away from Platinum as a wealth preservation asset. However, this market appears to have bottomed back in March 2020 and anyone picking up Pt during the initial Covid period should be pretty safe. The Gold/PT ratio is out of sync and we strongly believe that Platinum has the highest chance of making the strongest recovery since 2011. If the March Platinum panic low print at 558 is ‘the’ 18 year low, the next bull market correction is somewhere in the distant future.
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

Daily Gold/Platinum Risk and Price Ratio 2 Oct, 2020


Weekly 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

Monthly Gold/Platinum Risk and Price Ratio 2 Oct, 2020


Quarterly Gold/Platinum Risk and Price Ratio 30 Sep, 2020

Quarterly Gold/Platinum Risk and Price Ratio 30 Sep, 2020

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Posted in A - All Financial Blogs | 2020 Forecast, PLATINUM FORECAST 2020 | EYEFORGOLD.