The Goldprice is holding up with its roadmap from earlier years. In order to continue on this path, markets needs to keep off / stay above last weeks low @ 1.306.

The upcoming seasonal top finds place next Monday February 25th plus minus one tradingday. Only time will show if this proves correct this time around.

At the same time, it is interesting to take a look at the price of Platinum to Gold. The rear metal has continued to see weakness and the relative strength to Gold is actually - 15.6% since November 8th. At that time, gold traded at 1.223,5.

Since 1970, Platinum is currently seeing a value which is - 56% lower than its average relative price to Gold. A ratio this low has never been observed during the analyzed period. This is telling us that Platinum may be dirt cheap at current levels from an historial perspective. 

The Red solid line in the graph above, is a 50 day moving average which is now + 3.9% above the closing this passed Friday.

If or rather when markets see Platinum to Gold above this Red solid line, it could be a first and clearer sign that the price of Platinum could be entering a period where it will outperform Gold, or that markets wish to prefer having Platinum over Gold.

To put preent state into perspective - Gold is now trading USD 97.5 above its November price, and Platinum is trading USD 63,5 lower than its November price.

Only time will show when markets wants this equilibrium to level out..

2019-02-18 09:58 | Gold, Ratio, Platinum

       

After the last strong intradays, here is an updated chart vs the map of DJIA 1973-1974.

Nasdaq100 do continue to follow the 1973-1974 map of DJIA. Over the next period, markets would now see a lowpoint in approx. 30 intradays from yesterdays close.

Thereafter, rising prices equivalent to + 5.3% compared to yesterday's close . In time - in 51 tradingdays. From this point, markets could start the 143 days downtrend to mark its lowpoint in the beginning of October 2019. This slide may be counted as a fall of - 34%.

Only time will show if 1973-1974 proves to be the most 'correct' historical path.

Below is the Nasdaq100 index up against the price of Silver. A ratio is created to see the relative present values. The All time high for the Nasdaq100 index is marked by the vertical line for a broader perspective.

2018-12-04 11:40 | Nasdaq100, Ratio, Longer Term

       

As markets see Gold and Silver move strongly to the upside yesterday, here is the daily development of Platinum to Gold. Its lowpoint, since at least the 1990's, was this July and retested Friday 07. Sept at 0.65.

The ratio is now attempting to technically break to the upside of the horizontal resistance line. Longer term, holding some Platinum over Gold could be an interresting play? 

2018-10-12 11:00 | Gold, Platinum, Ratio