(Sept 17) Platinum reached a clear short oversold condition last week where we felt a rising opportunity to accumulate a bit more whilst the market is weak. The market has now turned and may consolidate a bit more. The broader picture is waiting for long term signals to first reach serious overbought level for Platinum, which is very possibly many quarters into the future.

(Sept 10) Against the expected trend Platinum had a poor week once more, but has reached maximun risk which eyes attractive enough to go 5 percent overweight on Platinum versus Gold. This now eyes fairly low risk without removing our basis precous metals insurance cover.

(Sep 17) Weekly risk shows double bearish divergence (Gold down versus Platinum) which is the strongest signal at this moment that Platinum should get stronger fairly soon. (Sep 10) Weekly risk has moved sharply toward an oversold Platinum level but isn't. With weekly sdhowing a second bearish risk weight divergence this Market feels like Platinum can soon return to the primary trend that started in March 2020. We remain very patient whilst moving Platinum in 5% overweight between precious metals.

(Sept 17) No additioonal comment

(Sept 10) With risk recovering 40% in a straight line from the Gold/Platinum ratio bottom on February 28, 2021, Platinum does not look weak even though the market wants otherwise. We do prefer the opportunity to increase the position somewhat in exchange for Gold and Silver and see what happens in the next few weeks and months.

(Sept 17) No additioonal comment

(Sep 10) Quarterly is showing a weak risk weight uptrend correction against a fairly strong nominal price correction in favor of Gold. Wewill need to see a proper bottom in the overall primary downtrend cycle before getting nervous with the position.

(Sept 17) The initial further 3% drop against Gold and silver was followed by a much larger correction in the Silver price going into the weekend. The subsequent correction in favor of Platinum did create a sharp risk weight reversal. The result is likely more search for direction before Platinum resumes its uptrend. We have switched 10% of our physical Silver into physical Platinum last Monday Sept 13 and wait for the market to settle down.
The weely risk weight chart shows very similar bullish divergence for Platinum as for Platinum against Gold. This is a key signal to be patient with the new position. Still looking for equilibrium against Silver well above the 60 level.

(Sept 10) Platinum risk weight shows an inverse bullish divergence. Lower risk weight and higher or equal price. Otherwise a similar low risk short term picture to take the opportunity to switch a bit of physical Silver into Platinum.

(Sept 10) Weekly also looks to move into a second bullish divergence for Platinum supporting our low risk slight repositioning.

(Sept 10) Monthly is down but has yet to properly move into high risk weight territory to see an alarm dropping onto our position.

(Sept 10) The Quarterly risk weight chart still favors the bullish divergence established last year and subsequent long term intermediate finish (2022 or 2023).