CHARTS AND COMMENTS

Metals into week 36, 2021

Metals are stronger through week 35.

This graph above is equally weighted for Gold, Silver and Platinum, showing strength last week represented in a blue bar.

Gold vs Silver:

Gold continues to hold up better than Silver in the weekly perspective.

Nasdaq100 vs Gold:

 And the technology weighted Nasdaq100 index continues to outpace the price of Gold.


No end in sight...

The ratio for Platinum to Nasdaq100 shows little end in sight.

A renewed All-Time-Low yesterday at 0.064. As one red (blue) often leads to another red (blue), markets just have to await stronger signals, for this current prolonged downtrend to reverse. 

 


Platinum vs Nasdaq100 Wedn Aug. 25., 2021

The 0.070 was the last day of July. The 0.065 was last Thursday the 19th of August. Markets are at All-Time-Low levels and the Platinum Nasdaq100 ratio closed Tuesday at 0.066.


Monthly changes

Ever wondering how a particular asset is doing through a certain month?

There is now a monthly performance view for each and every month from 2001 - present in:

GoldSilverCoffeeSugarCocoaNasdaq100DAXBitcoinLumber and Platinum.

The monthly changes table is located below the indicators on the respective sites.

 


Metals pre Mond. Aug. 23

Gold, Silver and Platinum are presented in this weekly chart below.

As pointed out in the development for the metals, there is no strengthening signs going into next week. The general price trend for metals are still down rather than up. In this graph Gold, Silver and Platinum are weighted equally, and the view is derived into an Hekin Ashi chart from underlying weekly metals prices.


Platinum vs Silver pre Mond Aug. 23.

Platinum outperforms Silver.

This passed week Platinum prices outperformed Silver prices. The weekly chart shows the increased momentum. The higher the numbers in the chart above the more Silver it takes to exchange into 1 OZ Platinum.


Metals Wedn. 18th Aug.

Metals (Gold, Silver and Platinum eaqually weighted) continues to be a dog here. No strength in sight so far.

This chart above proves that in the weekly Heikin Ashi chart. It is certainly moving down not up (for the moment).

Chart is through week 32 ending Friday the 13th.


Platinum pre Monday Aug. 09.

Platinum is now below USD 1.000, which is a level seen as a threshold for the price. The entire last week, saw very weak developments in 4 out of the 5 sessions (Monday was + 0.75%).

In order to gain traction to higher Platinum prices to come, markets must quickly recover towards the USD 1.090 level for further advance. The weekly chart is quite weak, and weakness is often followed by further weakness.


Pre US opens Tuesd 03. Aug.

All sections are updated pre US openings for Tuesday 03. August 2021.

GoldSilverCoffeeSugarCocoaNasdaq100DAXBitcoinLumber and Platinum.


Precious Metals combined

To get an overview of the precious metal prices in general, here you got a weekly chart of Gold, Silver and Platinum combined weighting 1/3 of each component.

On a weekly basis, there is p.t. no indication that prices are to creep upwards yet. As far as this chart shows, it seems like lower- or at best sideways pricing, prevales for now.



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