Look for Platinum to Rally - Following Gold

RESEARCH HIGHLIGHTS

• Incredible Opportunities In Precious Metals Right Now 
• Platinum Sets Up For A Big Breakout Gold Poised To Continue Rally
• Silver Is Still In The “Super-Hero” Setup
• Rally Hinges On The Platinum Breakout Above $1,050.50

Platinum may be setting up in a technical pattern that is similar to the end of 2001/early 2002. At that time, Gold had already begun to rally above $340 and Platinum had rallied to levels above $600. Then, while Gold continued to rally, Platinum contracted to price levels near $400 on diminishing volume. Once that contraction was complete, Platinum began and upside price move with stronger volume levels which lasted almost seven years – reaching a peak above $2,300. Could the same setup be happening right now?

Platinum Mirroring Gold – Just Like It Did In 2003 

The upside price move in Gold may be the key to understanding the potential for an upside price move in Platinum. Gold has already rallied from $1,340 to over $1,000 over the past 12+ months while Platinum has moved lower from $2,000 to $800 and has recently started forming a rounded bottom formation. The deep price decline in Platinum in March 2020 setup a very deep low near $562. We believe the diminishing volume and deep low bottom setup in Platinum are mirroring the 2002 deep bottom setup and starting a potentially strong rally for Platinum.

This Platinum Monthly chart below shows the 2000 to 2010 rally, including the 2002 deep bottom setup and volume setup, suggests that once Platinum rallied above the previous high price level near $641, the opportunity for a continued upside price rally was consistent. We believe the basis for this move was the continued upside price rally in Gold. As Gold began to appreciate, Platinum continued to appreciate and trend higher – following Gold’s lead.....Continue Reading Here

Precious Metals Cycles Demand Attention

Over the past few weeks and months, my research team and I have been actively publishing this research to help you better understand what is really happening in the markets right now. With Gold trading above $2,000 for the first time and Silver trading near $27.50, skilled traders need to understand the risks in the markets that precious metals are warning of. Think of it like this, as long as Gold continues to trade near or above $1900, the risk levels in the global markets are at extreme levels for traders and investors. If Gold breaks above $2,400, then there is a very real concern that the global markets could be close to some type of decline/collapse event.

1990 TO 2010: SIMILARITIES ABOUND

My research team believes the US stock market has already peaked near the January/February 2018 market highs. Our proprietary index analysis and price modeling systems suggest the US stock market has been buoyed by the U.S. Federal Reserve stimulus and foreign capital inflows (investment) while the US Dollar has strengthened. This trend may continue for a number of weeks or months, but precious metals are already warning that real fear has accelerated to levels we’ve not seen since 2010-2011....Continue Reading Here.

U.S. Dollar Index ETF UUP Trading Strategy

We all know quantitative easing devalues the Dollar but contrary to that general statement it looks as though we could see the dollar index continue to rise for a few more weeks. If we analyze the chart of the Dollar ETF (UUP) it is clear that the short term momentum has turned up. The break above the down trend line and recent bounce off support bodes well for the dollar index.

The bull flag chart pattern that has formed in the past month has a measured move price target of roughly $22.30. The level also happens to be a key pivot point on the chart along with high volume resistance. I expect the dollar to continue to work its way higher over the next week or two with $22.30 being the line in the sand where sellers will jump on price and drive it back down, or at minimum force price to consolidate for a few days.

US Dollar ETF Trading Strategy – Daily Chart Analysis




Chris Vermeulen – www.Gold & Oil Guy.com - Free Trading Ideas


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