As you can see from the chart:
Palladium had a big run already in 2019 and typically this results in a large pull back if you look at its historical price action. Investors are probably afraid to load up here.
Gold already broke out, potentially forming a bull flag for further move. But some analysts claim it is overbought and inflation may not be as high as expected which would cause a significant pullback.
Silver is more volatile than Gold and is in the same boat as Gold at the moment. Silver's breakout lagged gold as usual.
Platinum interests me. As you can see it has not reacted much to recent events (relative to its historical price action) like gold and silver have, and I believe investors will rotate into platinum since gold, silver, and palladium have already broke out.
What do you guys think?
Palladium had a big run already in 2019 and typically this results in a large pull back if you look at its historical price action. Investors are probably afraid to load up here.
Gold already broke out, potentially forming a bull flag for further move. But some analysts claim it is overbought and inflation may not be as high as expected which would cause a significant pullback.
Silver is more volatile than Gold and is in the same boat as Gold at the moment. Silver's breakout lagged gold as usual.
Platinum interests me. As you can see it has not reacted much to recent events (relative to its historical price action) like gold and silver have, and I believe investors will rotate into platinum since gold, silver, and palladium have already broke out.
What do you guys think?
Comment:
looks like platinum is showing signs of outperforming gold today
Comment:
Clear outperformance against the other PMs visible by the end of trading today. Thesis holds.
Comment:
Platinum is at resistance but the thesis is still strong as of this moment.
Comment:
looks like a breakout could be forming