Platinum can potentially benefit from recent more positive market commentaries | 03 September
Platinum Price Forecast relative to Long Term Monthly - Medium Term Weekly - Short Term Daily - and Hourly (not shown) data.
PLATINUM FORECAST
(Previous week in brackets)
| Platinum USD | Monthly | Weekly | Daily | |||
|---|---|---|---|---|---|---|
| 1026 (1012) | ||||||
| PT Trend | ↓ (↓) | ↑ (↑) | ↑ (↓) | |||
| PT % Risk Weight |
46 (53) | 18 (15) | 66 (50) | |||
| Total PM Portfolio allocation 40% (40%) |
Pt:33% | Ag:33% | Au:33% | |||
Platinum / USD live price
Platinum comment
03 September 2021 close Platinum has held a 18 month support line for 4 weeks now. With weekly risk having turned back up we'd be looking for a medium term $1400 level. If the long term bottom was set back in March 2020, we need to see bearish long term divergence before we check an initial top. This must coincide with a new price high at least. No Change.
27 August 2021 close Alternative (social) media with very decent following is starting to look at Platinum. We haven't seen that to the same extend since we created our position. A positive and deserved signal perhaps in what has been a very dull market place of late. Technically Platinum is fairly neutral but the most important reading for a long term hold is the clear break up from a ten year downtrend back in November 2020 which finds support at just under $800.Owners of Platinum should see their investment do very well in a broader skyward metals move.
Quarterly risk is still in a downtrend but not conclusive for trading given that risk weight corrected fairly sharply and that reading can so easily turn back up again over the next 6 months. No Change.
PlatinumUSD (Interim) Quarterly
GOLD/PLATINUM Ratio Price Risk Trend
(Previous update in brackets)
| Gold Platinum ratio | Monthly | Weekly | Daily | |||
|---|---|---|---|---|---|---|
| 1.7812 (1.7945) |
||||||
| Trend | ↑ (↑) | ↓ (↓) | ↓ (↓) | |||
| % Risk Weight |
45 (44) | 77 (81) | 64 (76) | |||
| Total PM Portfolio allocation 40% (40%) |
Pt:33% | Ag:33% | Au:33% | |||
Gold/Platinum Ratio Charts
Daily AU/PT Ratio 03 Sep
The Daily trend is your friend. Trend is down from a higher risk level. Patience with Platinum.
Weekly AU/PT Ratio 03 Sep
Weekly risk weight looks WEAK with a minor level price high and much lower risk weight reversal. Could be the start of a return to the major trend towards equilibrium that started in 2020.
Monthly AU/PT Ratio 03 Sep
Monthly now inculding the first few days of September is showing a sharp risk weight correction that is more likely to setup for a stronger Platinum vs Gold level.
Qrtly AU/PT Ratio 03 Sep
No Change to last week's comment :>> Quarterly risk weight should equally reach a much lower percentage risk level during the next several quarters or years before this ratio bottoms out again. In favor of Platinum to be clear. No Change.
PLATINUM/SILVER Ratio Price Risk Trend
(Previous update in brackets)
| Gold Platinum ratio | Monthly | Weekly | Daily | |||
|---|---|---|---|---|---|---|
| 41.55 (42.21) |
||||||
| Trend | ↑ (↑) | ↓ (↑) | ↓ (↓) | |||
| % Risk Weight |
51 (50) | 44 (53) | 10 (31) | |||
| Total PM Portfolio allocation 40% (40%) |
Pt:33% | Ag:33% | Au:33% | |||
Platinum/Silver Ratio Charts
Daily PT/Silver Ratio 03/09
Risk weight recent fall with price consolidation is positive for Platinum. Expect catch up after relatively strong silver on Friday.
Weekly PT/Silver Ratio 03/09
The experience is for Risk weight to move directly or indirectly from peaks to throughs in a cyclical fashion. The picture is more bullish for Platinum, confirming our choice to maintain a balanced portfolio of the primary jewelry metals
Monthly PT/Silver Ratio 03/09
With the September month now in play, this timescale does not provide strong input to confirm the shorter term view, but the trend is up, which therefore leads the long term perceived direction, UP. No Change
Qrtly PTSilver Ratio 03/09
As said last week, Quarterly risk is still working the bullish divergence that developed only after 19 years of Platinum/Silver price history. We read this trend as 'up' and look for a 70 handle ratio at least in years to come.