Platinum: Buy when nobody wants it | 16 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 | |||
---|---|---|---|---|---|---|
865 (886) | ||||||
PT Trend | ↓ (↑) | ↓ (↓) | ↓ (↑) | |||
Pt % Risk Weight |
70 (71) | 37 (40) | 38 (40) | |||
PM Distribution Total allocation 50% (50%) |
Pt:20% | Ag:45% | Au:35% |
Platinum/USD live price
09 October:: The fact that Platinum (Pt) has incredible difficulty coming out of its long term demise only fuels technical bullishness. We wait for a break of 1037 to add to our allocation and increasing the overall portfolio allocation towards Precious metals. The position is a strategic hold supported by strong bullish long term divergence in March 2020. No Change.
GOLD/PLATINUM Ratio Price Risk Analysis
(Previous week in brackets)
GOLD/PLATINUM Ratio |
LT-M | MT-W | ST-D | |||
---|---|---|---|---|---|---|
220 (218) | ||||||
Trend | ↑ (↓) | ↑ (↑) | ↑ (↓) | |||
% Risk Weight |
70 (67) | 77 (74) | 75 (62) | |||
PM Distribution Total allocation 50% (50%) |
Pt:20% | Ag:45% | Au:35% |
Gold/Platinum Ratio Chart
16 October:: Platinum fell marginally against gold and against our position. Our comment from last week prevails. Pt is dirt cheap, is massively undervalued being THE gold equivalent hard asset and looking for the Gold/Platinum ratio to return to a minimum equilibrium of 1:1. And that is whether gold goes up or down!
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.

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