Platinum opportunity knocks again | 25 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
847 (930)
PT Trend ↑ (↑) ↓ (↑) ↓ (↓)
Pt % Risk
Weight
67 (71) 55 (61) 13 (68)
PM Allocation Limit(50%) Invested Pt:20% Ag:45% Au:35% (100%)

Platinum/USD live price


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.

18 September:: PT rose sharply on Monday Tuesday with risk weight rising to 75 and turning down, also causing the Gold PT ratio to get oversold and ending the week against USDollar barely changed at 930. The weekly risk turned up with Monthly still in uptrend. This technical picture is a standard hold confirmed by RSI and MACD. No portfolio Change.


GOLD/PLATINUM Ratio Price Risk Analysis

(Previous week in brackets)

GOLD/PLATINUM Ratio LT-M MT-W ST-D
209 (209)
Trend ↑ (↓) ↑ (↓) ↓ (↑)
% Risk
Weight
70 (62) 77 (55) 91 (41)
PM Allocation Limit(50%) Invested Pt:20% Ag:45% Au:35% (100%)

Gold/Platinum Ratio Charts at week’s close 18 Sept

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.

Platinum Daily risk weight 18/9/2020

Platinum Daily risk weight 18/9/2020


Platinum Weekly risk weight 18/9/2020

Platinum Weekly risk weight 18/9/2020


Platinum Monthly risk weight 18/9/2020

Platinum Monthly risk weight 18/9/2020


Platinum Quarterly risk weight 18/9/2020

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.