Both comments and pings are currently closed. What Reddit vigilantes get wrong about the 2008 financial crisis. Any investment decision that results in losses or gains made based on any information on this site is not the responsibility of PUG. In times of poor economy, demand for vehicles, turbine engines, and heavy machinery declines. Tagged: Chart Pattern Recognition, Gold Technical Analysis. 01:21PM : Silver gets the GameStop treatment, rallies by as much as 13%. Got the top open in Model S for the first time in…, I re-watched Christopher Nolan’s multi-time frame threading master piece “Dunkirk” last night. White/Green (Bull Market) The value of platinum correlates to the performance of the wider economy. A break above the neckline at 183.11 will confirm the pattern. All examples are provided for educational purposes. The reverse is observed during periods of sustained economic growth. Both gold and platinum have their own unique qualities. In the present economic scenario, platinum is vulnerable to fluctuations in both supply and demand. PUG may make statements about certain investment vehicles and strategies, but it is not to be taken as investment advice. Here we’re looking at a chart of the CRB Commodities Index relative to the S&P500. Despite the gold vs platinum debate, the former remains the preferred store of value. Love the British Spi…. GLD has reached the right shoulder target area of 175 of the potential bullish IHS. Platinum has a much wider application in the industry vs gold. Investors large and small buy gold to diversify their portfolio, especially during uncertain economic conditions where the S&P 500 may be crashing. Wars and geopolitical tensions also prompt investors to seek refuge in the yellow metal. During unstable economic conditions, they rush to buy gold, which pushes its prices higher. The value of platinum depends on supply and demand while that of gold relies heavily on investor sentiments. Iamgold is down more than 10% to start the new year and continues to be one of the worst-performing stocks in the sector. When South African mines faced power delivery problems, platinum prices skyrocketed to $2,252 per ounce in March 2008. The price differential between the two precious metals is an inter-commodity spread. Or the two countries could join hands to artificially inflate the platinum prices. C1-C5, CA-CC :Cycle Turbulence in the auto industry could also affect platinum prices. i-v, a-b : Minuette Both gold and platinum are highly liquid assets. The right should appears to be setting up now that should hold above the left shoulder at 174.47. I will then send you the password to view the premium content. The auto industry also affects platinum prices because it accounts for nearly half of the world’s platinum consumption. Though it serves as a hedge against inflation, it doesn’t have growth potential. This entry was posted on January 12, 2021 at 4:04 pm and is filed under GLD, IWM, Premium, QQQ, SP-500, Video. [caption id="attachment_656139" align="aligncenter" width="400"]. And platinum prices fall because of declining demand. The supply of platinum is much lower vs that of gold. You can easily trade them for cash. It also has a number of industrial applications. So, its value depends on the laws of supply and demand rather than the sentiments of investors. PUG Stock Market Analysis, LLC | Technical Analysis Blog, PUG (Elliott) Wave Technical Analysis Tutorial, Elliott Wave Measurement Rules – by eSignal, January 5th, 2021: SP-500 Technical Analysis, Here’s an update on the $SPX via a detailed 15-chart and a bigger picture 4-hr chart showing in the entire rally of…, After the past couple weeks in Chicagoland, 46 F feels like 86F. The CRB Index has a heavy weighting in Oil and Energy, so look how both of these reversed at the exact same time, AFTER Crude Oil traded below zero. When the economy is booming, investors sell gold to invest in stocks and other assets, which brings down its price. If you have questions send an e-mail to: pug.sma.llc@gmail.com. Unfortunately, the company's project portfolio is made up of … Gold prices go up when there is an economic crisis or slowdown as investors run to the safety of precious metals. As a result, platinum prices fell as much as 15% within three months. But the yellow metal logged an 18.9% return in 2019. P1-P5, PA-PC : Primary Investing in the stock of companies that mine, refine and trade gold is a much more straightforward proposition than buying physical gold. And that’s where platinum becomes unreliable. It’s relatively less volatile than platinum. Investment opportunities arise when there are divergences in the gold-platinum ratio (price of gold divided by price of platinum). For centuries, platinum has been considered a higher symbol of value and quality, primarily because it’s rare and more difficult to mine. Unlike gold, platinum is highly malleable. It behaves like other industrial metals such as silver and aluminum. Gold becomes the investment of choice when inflation runs high. They both trade in over-the-counter and physical markets around the world. But other precious metals such as platinum and silver have their own place in a savvy investor’s portfolio. The content on this blog (PUG Stock Market Analysis, LLC) is provided as information only and should not be taken as investment advice. You can invest in gold by purchasing jewelry, coins, bars, bullion, derivatives, futures contracts, and gold ETFs. The automobile industry relies heavily on platinum to make catalytic converters for cars, buses and trucks to reduce emissions. Jan-04-20 01:28PM : 10 things stock market investors ought to watch out for in January. The shiny white metal is considered a strong symbol of value and quality. Central banks also store gold in their official reserves because of its perceived value as an alternative currency. The yellow metal also has applications in dentistry, electronics, and aerospace industries. The Federal Reserve cannot print more of them. Historically, the ratio has been below 1, meaning the price of platinum has been higher than gold. As of this writing, platinum is trading at $986.31 per ounce vs gold’s spot price of $1,568.40. Gold had a strong start to the year, moving to its monthly high of $1,959 per ounce on January 6 at the same time the U.S. dollar index (DXY)1 made fresh three-year lows. 551: 山師さん (ｽﾌﾟｯｯ Sd81-2ZBO [110.163.11.106]) 2021/02/11(木) 19:19:26.49 ID:jpuLOHOJd If the economic and political conditions are stable, the industrial demand for platinum shoots up. They are tangible assets with intrinsic value. Summary. We haven’t seen such erratic swings in gold prices. No other positions and no compensation, ECB Soothsaying Does Little for Bonds Caught in Global Rout, Stock market news live updates: Stocks mixed, tech shares pressured as yields climb, Tech Leads U.S. Stock Slump as Bond Yields Climb: Markets Wrap, Canadian pension fund OMERS reports first annual loss since financial crisis, Pending home sales fall for the fifth straight month. Nevertheless, this failed attempt to "squeeze the shorts" in silver emboldened gold bears to make another attempt to run the stops in the safe-haven metal below $1800, while the huge U.S. dollar short position has begun to unwind. But other precious metals such as platinum and silver have their own place in a savvy investor’s portfolio. Gold trades based on investor sentiment, not on supply and demand. The gold-platinum ratio not only helps us understand the relationship between the two, but also offers clues as to the market sentiment. But there are factors that affect each precious metal independently. You can follow any responses to this entry through the RSS 2.0 feed. Disclosure: I own some physical gold. Given its relative valuations, investors can look at alternative precious metals like platinum. Invest in Gold by Purchasing Stock in Gold Miners. The yellow metal is durable, malleable, and it acts as a hedge against inflation. A potential bullish Inverse Head and Shoulders (IHS) pattern has formed on the Gold ETF GLD. To join the Premium Service follow this link: PUG Premium Service Sign-up. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. (1)-(5), (a)-(c) : Minute /pmg/ - Precious Metals General - "/biz/ - Business & Finance" is 4chan's imageboard for the discussion of business and finance, and cryptocurrencies such as Bitcoin and Dogecoin. Tagged: Elliott Wave Technical Analysis , Gold Technical Analysis , IWM Technical Analysis , QQQ Technical Analysis , SP500 . Post was not sent - check your email addresses! This entry was posted on January 6, 2021 at 11:06 am and is filed under GLD. Dozens of countries including China, the US, Australia, India, Canada, and others produce the yellow metal. PUG does not manage client assets in any way. When Volkswagen’s emissions scandal came to light in 2015, demand for diesel engines started declining. White/Red (Bear Market) Another aspect to consider is that only two countries – South Africa and Russia – produce platinum. Here is the day by day rundown from the morning capsules made available every morning before the market open in the Real Time Feeds to the paying … By November 2008, it had tumbled to $774. Sorry, your blog cannot share posts by email. While gold is produced in dozens of countries around the world, almost all of the world’s platinum is mined only in two countries – South Africa and Russia. List to compare most popular cryptocurrency exchanges and where to buy/sell Bitcoin, Ethereum, Monero, Litecoin etc Yahoo Finance Video. As an investment, platinum doesn’t have as long a history as gold, which has been facilitating trade since ancient civilizations. reddit見てるとSNDL引き上げてNVCNに移るみたいな流れある プレ見るとNVCN上げてきそうなのは確か 塩漬けの株があるからまだ手が出せんが . The ideas expressed on this site are solely the opinions of the author (PUG) and are for entertainment purposes only. Over the long-term, gold and platinum tend to move in the same direction. It’s also far more difficult to extract than the yellow metal. MarketWatch. [1]-[5], [A]-[C] : Major Sometimes gold trades at a premium to platinum, and sometimes the white metal commands a premium. Now let’s zoom out. It causes platinum prices to fall. PUG is not a licensed investment adviser (advisor) or commodity trading adviser nor is licensed as such with any federal or state regulatory agency. Any political or economic difficulties in these countries could have a significant impact on the price of platinum. A potential bullish Inverse Head and Shoulders (IHS) pattern has formed on the Gold ETF GLD. It’s also used in turbine engines, medical devices, computers, and the petroleum industry. Since gold is a store of value, its price depends less on the laws of supply and demand, and more on the sentiments of individuals and institutions hoarding it. SCI-SCV, SCA-SCC: Super Cycle MarketWatch. According to US Funds, worldwide gold production stood at 3,332 tonnes in 2018 compared to just 165 tons of platinum. Gold’s status as a safe haven pushes its prices up during periods of economic uncertainty. Others pointed to a separate Reddit thread suggesting hedge funds stood to gain the most from silver’s surge. Gold prices have gone up because of the US-China trade tensions and poor global economic growth. 1-5, A-C : Minor PUG Stock Market Analysis, LLC blog site content may NOT be reproduced or excerpted online or in print without written permission of the author (PUG). Primary Count: But currently, the ratio is around 1.6, which means platinum is cheaper and more attractive. Platinum is cheaper than gold if the ratio is above 1, and vice-versa. The Head is at 166.03, the neckline is at 183.11 and the target is a new all-time high at 200.19. If you look at the material value of precious metals, platinum sits at the top. MoneyShow. Gold is by far the most popular investment among precious metals. PUG Stock Market Analysis, LLC is an educational service, not an advisory or stock recommendation service. So do its prices. The right should appears to be setting up now that should hold above the left shoulder at 174.47. Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Gold is the granddaddy of precious metals, at least from an investment perspective. Gold is the granddaddy of precious metals, at least from an investment perspective. GLD could back-test the down channel break-out near 176 to form the right shoulder. Both gold and platinum are precious metals, but there are factors that independently affect each of them. Alternate Count: Blue. Jewelry accounts for nearly half of the gold demand worldwide. A supply issue in one country is unlikely to have a huge impact on prices worldwide. Enter your email address to follow this blog and receive notifications of new posts by email. ... Top Picks 2020- Three Favorite Gold Silver ETFs GLD GDX SLV. In this gold vs platinum comparison, let’s check out which precious metal is a better investment and why. Sorry, the comment form is closed at this time. What happens in these two countries will have an impact on platinum prices worldwide. So in other words, the blue line is Commodities vs Stocks. At times, PUG will analyze the technical structure (chart) of various stocks or financial markets, but he is in no way compensated by the companies he analyzes either in reports or daily commentaries.
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