We come back on gold. Yesterday we expressed our thoughts that gold could be in for a kind of correction. Well, not yet…
But while we wait, I want to mention another phenomenon.
This has to do with platinum.
The ratio between this precious metal and gold shows that the sell-off was much more outspoken in the former. And compared to gold, it seems much more interesting to look to platinum in case of a rally.
A weekly chart shows how sellers pushed Pt over the cliff.
But while we wait, I want to mention another phenomenon.
This has to do with platinum.
The ratio between this precious metal and gold shows that the sell-off was much more outspoken in the former. And compared to gold, it seems much more interesting to look to platinum in case of a rally.
A weekly chart shows how sellers pushed Pt over the cliff.
A daily chart illustrates the formation of a bottom of this ratio over the last couple of weeks
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