CHN chart, page-11174

Michael Maharry at Money Metals writes:

Could Platinum Be Setting Up to Break Out?

“Platinum is incredibly cheap relative to gold, and platinum supply is very constrained,” Sprott Asset Management CEO John Ciampaglia told Bloomberg.

The wide spread between the gold and platinum prices could represent a significant opportunity for investors.

Imagine if it merely returned to a 1:1 ratio. That would represent a 200 percent gain for platinum if the gold price climbed no higher.

Even a more modest narrowing of the price spread closer to historical norms would present healthy gains.”

You can see the spread starting in roughly 2017.

Before that, platinum was historically priced higher than gold.

Last week, platinum rose over 10%.

Even the monthly technical chart pattern seems to point towards a breakout for platinum.

Below is what technical analysts call a pennant pattern.

It’s a bullish symbol.

And last week’s candle pushed up slightly higher.

If anything, you can still be opposed to going long on platinum and see that there are possible gains to be made.

One way to buy platinum on paper is to look into the Aberdeen Physical Platinum Shares ETF (PPLT), which tracks the price of physical platinum without requiring you to own or store the metal.

https://dollarcollapse.com/3-platinum-charts-to-consider/