Platinum: Slower but Set to Break Records like Gold/Silver
Anyone who has followed my many Gold and Silver ideas knows I am extremely bullish on Gold and Silver for the next 5 years. While Gold began first, Silver has recently broken out as well. Consequently, I see Platinum on the verge of a major break-out as well now that the precious metal has broken 900.
A 900 broken level in Platinum is the equivalent of 1350 and 16 for Gold and Silver respectively.
Platinum is a good alternative to ironically hedge Gold and Silver. Why? Typically Gold and Silver move together; while Silver typically has more violent upside and downside movements, Platinum can move up and down irrespective to what Gold and Silver do.
While I believe Gold will tie its record by Q1 2020 and Silver likely sometime in late 2020 to early 2021, I suspect Platinum will make its own record high but not until very late 2021 or sometime in 2022. Having said that, I believe a near-term target by early 2020 is 1200 for Platinum. While Platinum may have a slower overall movement to the upside, I see very little corrections for Platinum until it reaches at-least 1200.
In essence, when Gold ties its ATHs, I see Silver doing the same 6-8 months afterwards, with Platinum doing the same but again, 6-8 months after Silver.
Now is the perfect time to enter early for Platinum as there is a ton of potential upside.
- zSplit
A 900 broken level in Platinum is the equivalent of 1350 and 16 for Gold and Silver respectively.
Platinum is a good alternative to ironically hedge Gold and Silver. Why? Typically Gold and Silver move together; while Silver typically has more violent upside and downside movements, Platinum can move up and down irrespective to what Gold and Silver do.
While I believe Gold will tie its record by Q1 2020 and Silver likely sometime in late 2020 to early 2021, I suspect Platinum will make its own record high but not until very late 2021 or sometime in 2022. Having said that, I believe a near-term target by early 2020 is 1200 for Platinum. While Platinum may have a slower overall movement to the upside, I see very little corrections for Platinum until it reaches at-least 1200.
In essence, when Gold ties its ATHs, I see Silver doing the same 6-8 months afterwards, with Platinum doing the same but again, 6-8 months after Silver.
Now is the perfect time to enter early for Platinum as there is a ton of potential upside.
- zSplit
ETF: PPLT.
- zSplit