CHARTS AND COMMENTS

Precious metals into December 2021

The monthly chart shows where Gold, Silver and Platinum are at over the last 4 years.

In this chart Gold, Silver and Platinum are equaly weighted.

The last 4 years these precious metals prices are 20.7% higher. Prices are actually -4.4% from the August close. For prices to reach the February 2021 close, they must rise 8%. 


Metals into week 48

To see how the precious metals markets are developing, we want to look at Gold, Silver and Platinum toghether.

Below is the composed weekly graph where all three metals are equally weighted.

 On a weekly scale, there is a lower low and a lower high for the latest week. This development signals market weakness rather than strength going forward.

To see renewd strength for the precious metals sector, Blue bars 'must' quickly resume.

Diving further into details, here is Gold over Silver.

This weekly graph (above) show Gold prices stronger relative to Silver prices. So what about Platinum?

The graph shows that Gold also outperforms Platinum on the weekly scale. For the white metal to see more strength than Gold, markets will be looking for these bars to turn Blue (higher highs and higher lows).

And for this last one. Platinum up against Silver.

This chart shows that Silver is relatively stronger than the development of Platinum. As long as this is trending south, Silver will continue to outperform Platinum on a weekly bias.

In conclusion, Metals are generally weak until markets see a fresh Blue weekly bar in the top chart displayed. Gold is holding up better than Silver and Platinum. And Silver is holding better than Platinum (for now at least).


Metals into week 45

Gold, Silver and Platinum are collectivly sideways after last week.

Seasonally, the weeks ahead are heavy and metal prices could thereby dip before attempting to move higher.

The weekly chart above signals prices are flat-moving for now, with a slightly positive bias by its latest blue colour Heikin Ashi.


Metals into week 44

Gold, Silver and Platinum are collectivly sideways this past week.

The latest bar is still blue, but as an 'inside bar' it is more difficult to say if this next week could break to the upside or downside. Let's follow the week closely. Going into November, this may be an exciting month as history shows the possibility of huge losses or big gains.


Metals into week 43.

Gold, Silver and Platinum are collectively higher this past week.

The chart above contains Gold, Silver and Platinum equally weighted. This last week shows a higher high and a higher low giving precious metals signs of further potential strength to come.


Metals into week 42

After week 41, metals markets are generally higher, and buiding higher highs and lows.

The chart of Gold, Silver and Platinum equally weighted, did show clear strength this past week. Looking at the graph, going into week 42 should be positive for higher precious metals prices to come.


Metals into week 41

After week 40, there are some signs to metals potentially moving higher with Platinum leading the pack. For the week Platinum was up 5% + , Gold unchanged and Silver + 0.6%.

 

This graph gives the picture of Gold, Silver and Platinum. All equally weighted.

The weekly chart do show a higher low and and a higher high. This is a positive sign. Looking at the weekly trend for three metals there is no change to the present downward pressure. But, if they do show strength through week 41, there will be renewed signs of possibly higher metal prices to come.

 


Metals into week 40

After week 39, metals are still havy with the attempt to go somewhat higher towards the end of the week.

The graph above consists of Gold, Silver and Platinum weighted 1/3 each. To get a clearer picture of the actual trend, the derived candle chart (Heikin Ashi) shows prices are still trading lower on a weekly timescale.

The low for the week was actually higher than prior week and similar to the week before. This could indicate some type of floor to the precious metals prices for now.

In order to be more confident in a potential renewed uptrend to come, markets should make a nice blue weekly bar this upcoming week # 40, October 04 - 08.


When is Low of the Year?

In the search for the Low-month of the year, here are the results:

Metals and index Low of the year

The table includes Silver, Gold, Platinum, DAX and Nasdaq100.

1 is January and 12 is December. 

2021: So far this year.


When is High of the Year?

In the search for the High-month of the year, here are the results:

High in metals and index

The table includes Silver, Gold, Platinum, DAX and Nasdaq100.

1 is January and 12 is December.

2021: So far this year.



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