OANDA:XPTUSD   Platinum / U.S. Dollar
As it is , Palladium has now cross over the 2000 (2095 at time of writing) level as many analysts have correctly predicted. Looking at the chart, this 2000 price level was also where Platinum reached its peak in Feb 2008 (some 12 years ago).

Sadly, it has not recovered even half of the peak since that day. It has been a downtrend for the last decade or so. With Gold and Silver enjoying the limelight these days with new highs, the price of Platinum seems to be crawling at snail pace.

Well, purely comparing Palladium and Platinum like Heaven and earth, if you have time on your side and some capital, where would you park your funds into ?

Could Palladium go to 3000 ? Your guess is as good as mine. However, at around 11,000 price level, Platinum will break out from its long serving bearish trend .
Platinum's low or support is around 800 level, so buying it now has limited downside but huge potential upside. You can consider parking 1-3% of your investible capital and basically "buy and hold" for the next few years.

If you are more conservative, you can wait for the bearish trend to be broken first then decide if you want to get in. There is no one fixed strategy, employ the one that makes you comfortable.


Comments

Bullish long term we agree. But on the short term this Channel Up may make one final pull back before the break out:

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dchua1969 InvestingScope
@InvestingScope, thanks for your chart. lovely and all the best to you.
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