PREDICTED PLATINUM PRICE, page-3

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topwon

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17/12/19

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Originally posted by maradyne: ↑

Our Platinum Price Forecast for 2020 and 2021Let’s start with our conclusion. Readers who don’t want to understand our underlying forecasting method can ignore the rest of the article.One major conclusion is that platinum usually moves up strongly when silver is in a tactical or secular bull market. Sometimes silver rallies first, sometimes it is platinum that goes first. Either way those few really big platinum moves occur at times when silver has varying degrees of bullish momentum.One other leading indicator, platinum’s COT report as per platinum’s futures market, suggests there is no major peak right now.That said, when it comes to platinum’s chart pattern(s) we see that platinum is nearing the apex of a giant triangle pattern. The odds favor a bullish breakout which would bring the price of platinum to $1350/oz, and ultimately to $1800/oz.This bullish scenario becomes invalidate once platinum falls below $780 for 3 consecutive months. This probability is very low!The million dollar question is when this bullish breakout with an 80% upside potential may start? We believe this may happen in 2021. However, depending on how bullish silver becomes and how platinum will react once it rises to the $1100/oz area this breakout might already start in 2020. The line in the sand for platinum is $1100/oz.Our Platinum Price Forecast for 2020 and 2021Based on the leading indicators (or lack thereof) and more importantly the chart setup we see the following platinum price forecast for 2020 and 2021.This is our forecasted platinum price for the coming years. Prices reflect platinum's spot price.YearPlatinum price forecastConditionsInvalid2020Mildly bullishWithin its triangle chart patternIf platinum breaks below $7802021Wildly bullishBreaks out of its triangle chart patternIf platinum breaks below $7802022Wildly bullishBreaks out of its triangle chart patternIf platinum breaks below $780

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Palladium price touching on US$2000.00. Makes up one third of Garatau resource.

NKP Price at posting: 9.9¢ Sentiment: Hold Disclosure: Held
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PREDICTED PLATINUM PRICE, page-3

Top Stories

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

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Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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