PLATINUM single chart

2019년 5월 31일

Extended 'last' chance to ride Platinums inevitable rise to parity with gold .( or back up to 900s in a few weeks? )

It is; back to years start. ugh again. My critical levels in this trodden chart are the double line visible portions of very large parabolas. These are known as Solid Yellow and Solid Red.

If this IS the new real bottom then the teal curve is the trajectory back up past 840s.

Currently Platinum is at a local bottom noted by teal. Platinum looks like it is trading with in a parabolic channel.

there are some colored regions which note positive 'way areas' for the price to check on its climb.

Interestingly the GBP to yen and GBP to USD all declined in unison beginning in 16 May '19 . To me that reeks of flight from GBP. Platinum made cheaper again. ( by dropping to January price levels ). Like _hit, Teresa bested by Farang_ again: Drop the sterling and exit the Pound!. . . . If so, (and not a dream ) then party with Gold and Palladium arrives in the late summer or Autumn .

I note the depreciation of PPLT to less than a 1/10 bullion oz/USD. DISAPPOINTING or postponed due to Westminster blues ?