CHARTS AND COMMENTS

Metals for Monday Aug. 02.

Below are the weekly charts for Silver, Gold, and Platinum updated pre this upcoming week starting Monday August 02.

Weekly overviews are good because it gives a broader perspective for the price trends than the day to day movements. Included in this post is also the weekly Gold to Silver Ratio, the Platinum to Gold ratio, and the Platinum to Silver ratio. This shows wider relationships and comparisons.

 

SILVER WEEKLY CHART

Silver made a lower low and a lower high last week. Bars are still red, and no indication of turning higher in this week to week picture.

 

GOLD WEEKLY CHART

Gold is trading sideways as for the visual view above. The chart shows last week with a slightly higher high and higher low, but without a 'clear' picture of where it is heading next. The chart could favour the upside but it is easy to be tricked as it is basically sideways for the last 4 weeks (not trending up or down). A break could happen either way. A hint is to stay patient until there is a direction.

 

PLATINUM WEEKLY CHART

Platinum shows a higher high and a lower low in this weekly chart above. According to the chart, there is no indication Platinum prices are moving higher on the weekly basis. Red bars means weak developments. So, as for next week markets will look out for the vulnerable 1.030 level which has been a base level to investors over the last 7 weeks. Experience shows that if this level is breached, be aware of a potential 'fake' break where prices bounces back. But for now, there seems to be no hurry for higher prices.

 

GOLD TO SILVER RATIO WEEKLY.

The chart shows how many OZ Silver you receive in exchange for 1 OZ Gold.

Gold prices are favoured over Silver, as the ratio is moving higher. On a weekly time frame the chart above shows a higher high and a higher low. There is a more clear picture of what is going in the ratio in the pic above, compared to the one layed out last week; In the pic above, each bar is formualted directly from their respective underlying already derived gold and silver prices.

 

PLATINUM TO GOLD RATIO WEEKLY

The chart shows how many OZ Gold you get in exchange for 1 OZ Platinum.

Until this past week, Platinum has acted much weaker relative to Gold since mid May. Markes needs to see the exchange between the tow above 0.62 in order to see Platinum starting to outperform Gold.

 

PLATINUM TO SILVER RATIO WEEKLY

The chart shows how many OZ Silver you take in exchange for 1 OZ platinum.

There has been very little movement for the exchange relationship between Platinum and Silver over the last 5 weeks. On a weekly basis the trend looks somewhat weak rather than strong. Last week printed a red bar. In order to move higher, markets could watch the 42.5 level for now.


Markets Thursday July 29.

All sections are updated pre US openings for Thursday 29th of July 2021.

GoldSilverCoffeeSugarCocoaNasdaq100DAXBitcoinLumber and Platinum.


Tuesday 27th of July.

All sections are updated pre US openings for Tuesday the 27th of July 2021.

GoldSilverCoffeeSugarCocoaNasdaq100DAXBitcoinLumber and Platinum.


PLATINUM MONDAY JULY 26.

Together with Gold and Silver, Platinum prices are acting heavy these days. The precious metal should historically trade higher from end of June into August or September, but the chart below shows weakness rather than strength. 

Trades above 1109, which is the latest bar high in the chart above, could be the first indication in the weekly chart, for higher prices to come.

 


PLATINUM WEEKLY

Is there enough strength in the current Platinum markets to push prices higher or lower?

The answer might be in this chart below as it is easy to get caught up in the noice.

The chart below is showing the weekly performance for Platinum prices through Friday the 16th of July. The graph is derived from weekly price changes. Week open, week low, week high and week close.


Pre US Open for Silver, Gold and Platinum

Just pre US stock markets openings Monday, the metals are getting stronger. As this happens, the chart below seems to become more reliable.

The chart is consisting of an equal weight for Silver, Gold and Platinum. As markets are getting closer to mid July, metals are now building their higher and higher lows. This update above is post Friday's closing prices. Seasonality wise presious metals are on the "very correct" path. The green line shows metals development of pervious years.

If jumping on the ban wagon, make always sure to keep appropriate stop losses in place, at all times to make sure you minimize potential losses. Simulatneously, keep the daily volatility in mind and remember that historical performance is no guarantee for future returns.


Metals double bottom

Below is 2021's performances for the precious metals (Gold, Silver, and Platinum) vs the last 5 years. According to the past, the next 40 calendar days seems quite interesting.

Putting Gold, Silver and Platinum together in one graph gives us the pic below.

A double bottom to a slightly higher low the 29th of June, is our latest turningpoint and reference point so far.

If markets proves that our history is a true marketmap, the very next 67 calendar days could lead to higher precious metals prices. This graph is formulated out of the last 15 years (not equally weighted). 


Platinum pre Monday 28th of June

 

Platinum happened to see the seasonal low levels over the weekend. It could correspond to what you observe in our chart below. The low may have been set in a few days early this year if daily prices are moving higher from here.

According to seasonalities, Platinum could stay strong over the next 6 - 8 weeks. Depending on the investment style do always keep an appropriate stop loss in case a trade turns south. 

Positive intraday's for Platinum moves around + 2%, and negative moves could easily slip - 3%. This past week may have proven a turnaround by looking at the day to day moves in addition to the seasonality pic above.

The chart above indicates a positive move is in the making. The blue line is the price and is put together with a formulated MACD indicator to show streth and weakness.

The above indicator is derived from RSI levels now signaling strength rather than weakness.

Read more about investment supply and demand for Platinum here.

 

From time to time, partners and associates of intraday.se do keep positions in Platinum Spot and Futures contracts. The charts above, are only historical prices and indicators to see  how Platinum has evolved in the past, and is not intended as any type of financial advice. See our disclamer.


Precious metals June 22.

Gold, Silver and Platinum have all taken a beating lately, espesially this last week. Bringing up this chart now, because we are getting closer and closer to the major seasonal low in metals. According to long term studies of seasonal cycles, the upcoming weeks should benefit from owning precious metals. As they have been falling and falling, it is diffifult to now trust a sudden turnaround within a few days. But one thing is for sure, seasonal player are probably stepping in try to buy these days because of the trust in their trading system.

From time to time, partners and associates of intraday.se do keep positions in Gold, Silver and Platinum. The pic above, is only an historical guide to how prices have evolved throughout the year in the past, and is not intended as any type of financial advice. See our disclamer.


Seasonal low in Metals

The seasonal chart below compares the price development for Gold, Silver and Platinum in US dollars in 2021 against earlier years. The chart is freshly updated since the last post 7th of June.

As you see, there is now + - 11 calendar days to the historical seasonal low for metals. Looking to technical indicators, there are no strong factors in place for a turn up yet. There was a weak close yesterday in conjunction to the latest US Federal Reserve press release. It is certainly interesting to follow how the prices develop going into the latter stage of next week. 

170621 - METALS SEASONALITY

From time to time, partners and associates of intraday.se do keep positions in Gold, Silver and Platinum. The pic above, is only an historical guide to how prices have evolved throughout the year in the past, and is not intended as any type of financial advice. See our disclamer.



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