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FIRST ACCESS to Nadeem Walayat’s Analysis and Trend Forecasts

Platinum Begins A New Rally – Gold & Silver Will Follow

Commodities / Platinum Dec 04, 2020 - 03:03 PM GMT

By: Chris_Vermeulen

Commodities

My researcher team and I have highlighted a number of recent articles about Gold and Silver and how we believed the longer-term price activity and technical analysis supported a broad market advance in Precious Metals over the next 5+ years.  If not, check out Part I and Part II of our recent Gold and Silver research and price predictions.

Today, we are seeing further evidence that metals are on the move – in Platinum. Platinum has been trading below $1000 for quite a while and this is roughly HALF the price level of Gold.  Typically, Platinum rallies before Gold rallies in a traditional trending phase.  Platinum rallies because it is used in industrial and other fields – thus it rallies in an advanced market rally phase.  Gold begins to rally when a certain level of fear enters the markets or the markets enter a depreciation phase.


Currently, we are watching Platinum rally above $1000 for the first time since August 2020 and it appears new all-time highs in Platinum are on the horizon.  This suggests Gold and Silver will follow this upward trend in another rally phase and attempt to set new all-time highs as well.

DAILY PLATINUM BREAKOUT PENDING

This Daily Platinum chart highlights the Rounded Bottom formation that setup between September and November 2020 after the August highs peaked out near $1020.  The recent rally in Platinum has begun to accelerate and we believe an upside breakout move is pending.  This may prompt Platinum to rally above $1250 or more over the next few weeks/months.

THE WEEKLY PLATINUM CHART

This Weekly Platinum Chart highlights the broader market trend in Platinum and the resistance level (RED LINE) that is currently about to be broken.  Once this resistance level is breached, a bigger upside move may begin where Platinum may target $1250 or higher fairly quickly.

As you can see from We believe this move in precious metals aligns with our previous research that a broader market Depreciation phase has set up in the global markets.  We believe precious metals are about 24 months into a 100+ month broad market depreciation cycle.  This means that we may see a rally in metals that lasts for several more years.

As many of you may already know, we love the metals and we love to apply our technical analysis skills and pattern research onto these charts.  Could you imagine the scope of the rally that is setting up in Platinum mirrors the 2003 to 2010 price rally – just waiting for this breakout pattern to complete?

Get ready because this could be one of the biggest upside price moves in precious metals in over a decade.   Sign up now to get a pre-market video every day before the opening bell that walks you through the charts and my proprietary technical analysis of all of the major assets classes. You will also receive my easy-to-follow ETF swing trades that always include an entry price, a stop, two exit targets, as well as a recommended position sizing.

Our signals can help you preserve and even grow your long term capital. If you have any type of long-term or buy-and-hold account and are looking for signals as to when to own equities, bonds, or cash, be sure to become a member of my Long-Term ETF Investing Signals, which includes a weekly market update and trade alerts to catch big market rotations.

Chris Vermeulen
www.TheTechnicalTraders.com

Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic

Through years of research, trading and helping individual traders around the world. He learned that many traders have great trading ideas, but they lack one thing, they struggle to execute trades in a systematic way for consistent results. Chris helps educate traders with a three-hour video course that can change your trading results for the better.

His mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility.

He is a regular speaker on HoweStreet.com, and the FinancialSurvivorNetwork radio shows. Chris was also featured on the cover of AmalgaTrader Magazine, and contributes articles to several leading financial hubs like MarketOracle.co.uk

Disclaimer: Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned. Technical Traders Ltd., its owners and the author of this report are not registered broker-dealers or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including this report, especially if the investment involves a small, thinly-traded company that isn’t well known. Technical Traders Ltd. and the author of this report has been paid by Cardiff Energy Corp. In addition, the author owns shares of Cardiff Energy Corp. and would also benefit from volume and price appreciation of its stock. The information provided here within should not be construed as a financial analysis but rather as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. Technical Traders Ltd. and the author of this report do not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose. Lastly, the author does not guarantee that any of the companies mentioned in the reports will perform as expected, and any comparisons made to other companies may not be valid or come into effect.

Chris Vermeulen Archive

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