6 replies to this topic

[RagingSpartan]

Platinum to hold ratio pointing to new highs in SPX ahead.

[RagingSpartan]

Platinum to gold

[cycletimer]

Platinum to hold ratio pointing to new highs in SPX ahead.

 

I agree with you on new highs but not until after a pause and quick selloff of 2-3%.  I think we hold the important 2600 support, followed by new highs to 3200.  

[Data]

It is still following a rising wedge which is at 2770 and climbing.   The RUT just broke out of a rising flag which is highly unusual.   A flag in the direction of the initial move usually results in a break down out of the pattern.

[Taz]

Platinum to gold

 

I looked at a chart and it seemingly has predictive powers.

 

But intuitively I would have thought platinum/gold would be positively, not inversely, correlated with SP500 given platinum's greater economic sensitivity. What am I missing?

 

Taz

[Spectacular Bid]

I like it. It does seem to lead. I found it easier to look at a Gold/Platinum ratio for comparison purposes. Regardless of which way you look, I thank you for the info.

[RagingSpartan]

Gold has the headline reputation but Platinum to gold is the real marker for risk and more importantly a safety trade.