Platinum
PLAATINUM technicaly based forecast
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I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support
📌Why DepaDigitalTrading:
*Analysis based on my program and tactic readings
*Fundamental side in analysis
*Price action - FIBO - Candl pattern
*FX - STOCK - CRYPTO
*Day trader - Swing trader - Position trader - "Sniper"
*Simple ideas
💡 PLATINUM technicaly based idea, technicaly indicators showing we can expect higher push up in price, expecting to see push in price till FIBO 0.6.
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
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All best, good luck!
Platinum Breakout & Palladium Blow-off TopPlatinum at current levels presents tremendous value. The precious metals take turns outperforming and underperforming. In the late 90s palladium went into a bubble while gold, silver, and platinum bottomed out. Then throughout the 00's palladium moved sideways while platinum, silver, and gold all outperformed.
I believe we are nearing a similar setup where US stocks will enter a blow off top and palladium will follow. Following this blow-off top platinum and silver will begin to drastically outperform.
Additionally, the more expensive palladium gets, the more likely industry will find ways to substitute towards platinum. This is especially the case since most of palladium demand comes from China.
Be keeping an eye on these metals, along with gold and silver.
Don't Buy into Shooting Stars; Enter 'True' Longs @ 1380ishA lot of people confuse shooting stars and dead cat bounces with 'real' runs - both in stocks and metals. Right now, we are seeing and have been seeing shooting stars in Gold for a little while and we have received another one. Silver has recently formed a shooting star as well.
What this means is we can expect a likely breakdown once again in Gold to sub-1450 and Silver likely sub-11 for cash (liquidity) and more margin covering sometime early next week.
The generational buying opportunity in Gold, Silver and eventually Platinum is coming, however, refrain from buying into these shooting stars that are simply filtering out weak bulls.
There will continue to be more strength in the DXY up to at-least the 108 range which will further the selling pressure on Gold, and we are certainly not near the equity lows before stabilization. Both of these will add to selling pressure in Gold and Silver. With most of the world essentially shutdown, there is little to no industrial necessity for Silver, and as such, I see Silver's current rise as nothing more than a dead cat bounce.
At this point and as I have been calling for a little while, Gold will come to test its pre-breakout levels which is at-least the 1390-1400 range. It is possible it can find support from the top of the elongated 6 year cup which is closer to 1350. However, I would begin entering large buys around the 1390-1400 rather than "hoping" for something that may not come.
- zSplit
GOLDSILVER RATIO NOW AT HISTORIC LEVELSWow!
The last time there was as large a disconnect between gold and silver was never, the closest we have come is briefly in 1991-2, and again in 1941. The gold silver ratio has now seemingly surpassed those previous peaks.
Over the previous few years, silver has loosely tracked the rise and fall of gold - while consistently under-performing. However, last week or two gold set a number of 7 year highs while silver continued to correct. Now, either gold has become the best thing since floating soap or investors, increasingly without reasonable options (think negative real and negative nominal bond yields, a over-extended equity market built on debt fuelled share buy-backs and cheap credit now in correction territory, gold USD1700 an ounce), might be looking around for good deals in commodities / hard assets (they wont it in housing that's for sure). It doesn't leave many options if you take bonds, equities, gold, and property off the table does it?
I bought silver in the first place because I felt that it was undervalued relative to gold, and intended to trade in silver for gold once the goldsilver ratio got below 45. This was always a trade, and not a short-term one either (original horizon set at 2-5 years). So I found low premium dealer with ultra-low storage charges and started to buy regularly. I will be adding about 10-20% this week when we see price in my blue "buy box" range. I have some concerns relating to the fact that silver is primarily an industrial metal, and I don't think people yet grasp the degree to which the economy will be shuttered in the US shortly - personally I assume the shut-down will be more extensive than anything seen in multiple generations. However, I see silver and also Platinum benefiting from purchases by investors faced with almost certain losses in equities and certain losses in bonds looking towards silver after seeing gold as a little too expensive. Remember, money-printing will go into even higher gear soon, and may include helicopter drops (as seen recently in Hong Kong), and we are basically in potential hyperinflation territory. Is inflation possible? Well, we will see as those shop shelves become more and more sparse as manufacturers, shippers, and logistics operations go off-line. Jeez, sorry I didn't mean to go all post-apocalypse. Anyway, people will see relative value in silver vs gold and start buying - so Investment demand could very easily take up any slack from Industrial demand, considering the amounts of money in play. I was interested in miners, but is on hold right now because miners are just as exposed to this outbreak as anyone else and they rely heavily on corporate credit markets - which may freeze up.
IMP - Bullish EngulfingJust by purely looking at the charts, JSE:IMP has formed a bullish engulfing chart pattern and we could see an upward move confirmed by the stochastic.
I am remaining cautious as the world markets are all majorly down this morning, so I will definitely wait for a solid confirmation before entering long.
WE TOLD YOU! - GOLD CRASHES & WE R RICH.! BUY STOCKS ASAP - READFOLKS & OUR FOLLOWERS, SEVERAL DAYS AGO WE TOLD EVERYONE THAT GOLD WAS A BUBBLE - SHORT IT.!!
GOLD CRASHED AND WE MADE A FORTUNE
NOW WE'RE BUYING STOCKS BECAUSE THE CHINA VIRUS IS "FAKE NEWS" - THE REGULAR FLU KILLS OVER 600,000 PEOPLE WORLDWIDE PER YEAR
STATS LINK
www.medicinenet.com
THE "FAKE NEWS" CHINA VIRUS IS NOT EVEN COMING CLOSE
WHY AREN'T STATES TELLING YOU HOW MANY CASES OF THE REGULAR FLU THEY HAVE..???
DIRTY CALIFORNIA HAS A FLU OUTBREAK YET BUSINESS GOES ON AS USUAL
THE FLU IS OUT OF CONTROL IN MANY STATES YET BUSINESS GOES ON AS USUAL
THERE ARE SEVERAL POSSIBLE DRUGS BEING TESTED FOR THE CHINA VIRUS, IT'S A MATTER OF DAYS BEFORE A VACCINE IS ANNOUNCED
WHY IS THE MARKET BEING SOLD OFF..? THE ANSWER... THE MARKET IS BEING SOLD OFF BECAUSE OF "FAKE NEWS"
WE LOOK AT THIS DROP AS A HEALTHY CORRECTION, A LONG OVER DUE CORRECTION AND A BUYING OPPORTUNITY
AIRLINE STOCKS HAVE GOTTEN DESTROYED, TECH STOCKS, MEDICAL / PHARMA STOCKS, THE CORRECTION IS ACROSS THE BOARD
TAKE SMALL POSITIONS AND IF THE STOCKS DROP MORE, BUY AND COST AVERAGE DOWN
TAKE ADVANTAGE OF THIS DROP BECAUSE IT'S A GIFT!!
BEST OF LUCK WITH YOUR TRADES!!
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$JSE Gold miners gearing up to outperform platinum miners?The series of higher lows on my RSI and MACD indicator against a series of lower lows in Price is starting to give me some technical indication that we could start to see Gold miners outperform platinum miners. We are seeing Bullish divergence here and it would not surprise to see this pair ratio of (J150 GOLD miners vs. J153 Platinum miners) move from current levels of 0.40 to 0.50 (25%).
This will be interesting to monitor as we head into Q1 of 2020 with platinum miners having aggressively outperformed gold miners in 2019.