Platinum has the most short term potential for a speculative investment rally | 11 September, 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
Platinum/USD
928 (903)
PT Trend ↑ (↑) ↓ (↓) ↑ (↓)
Pt % Risk
Weight
70 (70) 61 (63) 50 (25)
PM Allocation Limit(50%) Invested Pt:20% Ag:45% Au:35% (100%)

Platinum/USD live price



11 September:: Historically PLATINUM has been ‘as good as’ GOLD. Thge Pl,atinum price followed gold one on one and that makes total sense given its precious metal characteristics. In early 2008 where Gold could/should have already exploded similar to PT, Gold’s advance was limited due to central bank intervention, amongst other market sentiments following the financial crisis. Platinum dropped over 50% and ralliued with gold into the second half of 2011. Since then PT has slowly eroded and lost its appetite for investors. Of course many Precious metals analysts will find plenty industrial use and mining related to explain Platinum’s demise, but right now with so many Youtube intelligence NO ONE talks about Platinum. The Gold and Silver bugs take front stage and rightly so perhaps, but our contrarian sense now takes the upperhand when it comes to Platinum, hence the more recent 20% allocation within the Precious metals space. Platinum at under 1/2 the Gold price is technically, historically and fundamentally not justified. So, as the 12 year downtrend broke in Q3 2020 we wait for equilibrium at 1:1 to gold at least be reestablished before impatience sets in. A relatively very low price means much lower risk for the investment to fail. No Change.

4 September:: Last week we split our PM forecast blog into three separate metal sections Gold, Silver and Platinum. The Silver and Platinum sections also resp. show the Gold/Silver and Gold/Platinum ratio analysis.

Buy when markets are soft. This is the picture for Platinum and has been so for a while. Whilst the new Month is pushing the Monthly risk weight into higher risk, it has some way to go and nowhere near an overbought condition. The long term downtrend that started in 2007 has been narrowly broken and our next target is a clear break of 1040 in order to fly into clear air towards Pt = Gold. No Change.


GOLD/PLATINUM Ratio Price Risk Analysis

(Previous week in brackets)

GOLD/PLATINUM Ratio LT-M MT-W ST-D
214 (214)
Trend ↑ (↑) ↑ (↑) ↓ (↓)
% Risk
Weight
65 (65) 77 (77) 79 (79)
PM Allocation Limit(50%) Invested Pt:20% Ag:45% Au:35% (100%)

Gold/Platinum Ratio Charts at week’s close

Platinum Daily risk weight 11/9/2020

Platinum Daily risk weight 11/9/2020


Platinum Weekly risk weight 11/9/2020

Platinum Weekly risk weight 11/9/2020


Platinum Monthly risk weight 11/9/2020

Platinum Monthly risk weight 11/9/2020


Platinum Quarterly risk weight 11/9/2020

Quarterly Au/Pt Ratio is an interim shot and validates only Sept 30. It is currently showing a tiny trend pause at a strong bearish divergence level. Normally we would expect the existing trend to continue if the nearest lower time frame (Monthly) turns down at the end of the month

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