Platinum deserves a patient long term hold | 09 October 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.
PLATINUM FORECAST
(Previous week in brackets)
| Platinum/USD | LT-M | MT-W | ST-D | |||
|---|---|---|---|---|---|---|
| 886 (882) | ||||||
| PT Trend | ↑ (↑) | ↓ (↓) | ↑ (↑) | |||
| Pt % Risk Weight |
71 (71) | 40 (48) | 40 (41) | |||
| PM Distribution Total allocation 50% (50%) |
Pt:20% | Ag:45% | Au:35% | |||
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.
GOLD/PLATINUM Ratio Price Risk Analysis
(Previous week in brackets)
| GOLD/PLATINUM Ratio |
LT-M | MT-W | ST-D | |||
|---|---|---|---|---|---|---|
| 218 (215) | ||||||
| Trend | ↓ (↑) | ↑ (↑) | ↓ (↑) | |||
| % Risk Weight |
67 (67) | 74 (65) | 62 (53) | |||
| PM Distribution Total allocation 50% (50%) |
Pt:20% | Ag:45% | Au:35% | |||
Gold/Platinum Ratio Charts at week’s close 9 October,2020
09 October:: Everything still points towards the ratio coming down. As with Pt/USD this is a long wait. Patience will be rewarded. Once Pt breaks 1037 the adjustment should be rapid. The metaphor is that Platinum left the party by foot in 2014 and will return before long in Formula 1.
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/Platinum ratio.
Daily Gold/Platinum Risk and Price Ratio 9 Oct, 2020
Weekly Gold/Platinum Risk and Price Ratio 9 Oct, 2020
Interim Monthly Gold/Platinum Risk and Price Ratio 9 Oct, 2020
Quarterly Gold/Platinum Risk and Price Ratio 30 Sep, 2020