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. It’s also far more difficult to extract than the yellow metal. /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. 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. Alternate Count: Blue. MarketWatch. The yellow metal also has applications in dentistry, electronics, and aerospace industries. (1)-(5), (a)-(c) : Minute During unstable economic conditions, they rush to buy gold, which pushes its prices higher. A potential bullish Inverse Head and Shoulders (IHS) pattern has formed on the Gold ETF GLD. PUG Stock Market Analysis, LLC is an educational service, not an advisory or stock recommendation service. Post was not sent - check your email addresses! The shiny white metal is considered a strong symbol of value and quality. P1-P5, PA-PC : Primary Gold prices have gone up because of the US-China trade tensions and poor global economic growth. But currently, the ratio is around 1.6, which means platinum is cheaper and more attractive. You can invest in gold by purchasing jewelry, coins, bars, bullion, derivatives, futures contracts, and gold ETFs. Jan-04-20 01:28PM : 10 things stock market investors ought to watch out for in January. Any political or economic difficulties in these countries could have a significant impact on the price of platinum. Central banks also store gold in their official reserves because of its perceived value as an alternative currency. ... Top Picks 2020- Three Favorite Gold Silver ETFs GLD GDX SLV. When the economy is booming, investors sell gold to invest in stocks and other assets, which brings down its price. Both comments and pings are currently closed. Investing in the stock of companies that mine, refine and trade gold is a much more straightforward proposition than buying physical gold. Gold is the granddaddy of precious metals, at least from an investment perspective. They both trade in over-the-counter and physical markets around the world. redditè¦ã¦ãã¨SNDLå¼ãä¸ãã¦NVCNã«ç§»ãã¿ãããªæµããã ãã¬è¦ãã¨NVCNä¸ãã¦ããããªã®ã¯ç¢ºã 塩漬ãã®æ ªãããããã¾ã æãåºããã . The reverse is observed during periods of sustained economic growth. The automobile industry relies heavily on platinum to make catalytic converters for cars, buses and trucks to reduce emissions. 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. 551: 山師ãã (ï½½ï¾ï¾ï½¯ï½¯ Sd81-2ZBO [110.163.11.106]) 2021/02/11(æ¨) 19:19:26.49 ID:jpuLOHOJd The Federal Reserve cannot print more of them. Gold is the granddaddy of precious metals, at least from an investment perspective. So, its value depends on the laws of supply and demand rather than the sentiments of investors. But there are factors that affect each precious metal independently. Given its relative valuations, investors can look at alternative precious metals like platinum. The ideas expressed on this site are solely the opinions of the author (PUG) and are for entertainment purposes only. [caption id="attachment_656139" align="aligncenter" width="400"]. Gold’s status as a safe haven pushes its prices up during periods of economic uncertainty. This entry was posted on January 6, 2021 at 11:06 am and is filed under GLD. The price differential between the two precious metals is an inter-commodity spread. White/Green (Bull Market) Platinum is cheaper than gold if the ratio is above 1, and vice-versa. You must agree to the Terms of Service (TOS) and make a payment via a credit card Buy Now link or check in the mail. Gold trades based on investor sentiment, not on supply and demand. It behaves like other industrial metals such as silver and aluminum. The right should appears to be setting up now that should hold above the left shoulder at 174.47. List to compare most popular cryptocurrency exchanges and where to buy/sell Bitcoin, Ethereum, Monero, Litecoin etc The Head is at 166.03, the neckline is at 183.11 and the target is a new all-time high at 200.19. In times of poor economy, demand for vehicles, turbine engines, and heavy machinery declines. By November 2008, it had tumbled to $774. Jewelry accounts for nearly half of the gold demand worldwide. When South African mines faced power delivery problems, platinum prices skyrocketed to $2,252 per ounce in March 2008. And that’s where platinum becomes unreliable. i-v, a-b : Minuette 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). When Volkswagen’s emissions scandal came to light in 2015, demand for diesel engines started declining. For centuries, platinum has been considered a higher symbol of value and quality, primarily because it’s rare and more difficult to mine. White/Red (Bear Market) What happens in these two countries will have an impact on platinum prices worldwide. This entry was posted on January 12, 2021 at 4:04 pm and is filed under GLD, IWM, Premium, QQQ, SP-500, Video. The Head is at 166.03, the neckline is at 183.11 and the target is a new all-time high at 200.19. What Reddit vigilantes get wrong about the 2008 financial crisis. Despite the gold vs platinum debate, the former remains the preferred store of value. Both gold and platinum are highly liquid assets. It’s relatively less volatile than platinum. The value of platinum correlates to the performance of the wider economy. A potential bullish Inverse Head and Shoulders (IHS) pattern has formed on the Gold ETF GLD. 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. To join the Premium Service follow this link: PUG Premium Service Sign-up. Or the two countries could join hands to artificially inflate the platinum prices. Enter your email address to follow this blog and receive notifications of new posts by email. GLD could back-test the down channel break-out near 176 to form the right shoulder. Here weâre looking at a chart of the CRB Commodities Index relative to the S&P500. But other precious metals such as platinum and silver have their own place in a savvy investor’s portfolio. Tagged: Elliott Wave Technical Analysis , Gold Technical Analysis , IWM Technical Analysis , QQQ Technical Analysis , SP500 . Gold prices go up when there is an economic crisis or slowdown as investors run to the safety of precious metals. The supply of platinum is much lower vs that of gold. Any investment decision that results in losses or gains made based on any information on this site is not the responsibility of PUG. Over the long-term, gold and platinum tend to move in the same direction. It also has a number of industrial applications. A 10g gold coin will still be a 10g gold coin even after years or decades. As of this writing, platinum is trading at $986.31 per ounce vs gold’s spot price of $1,568.40. 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. Investment opportunities arise when there are divergences in the gold-platinum ratio (price of gold divided by price of platinum). C1-C5, CA-CC :Cycle According to US Funds, worldwide gold production stood at 3,332 tonnes in 2018 compared to just 165 tons of platinum. MoneyShow. PUG may make statements about certain investment vehicles and strategies, but it is not to be taken as investment advice. The right should appears to be setting up now that should hold above the left shoulder at 174.47. The content on this blog (PUG Stock Market Analysis, LLC) is provided as information only and should not be taken as investment advice. But other precious metals such as platinum and silver have their own place in a savvy investorâs portfolio. The value of platinum depends on supply and demand while that of gold relies heavily on investor sentiments. Unfortunately, the company's project portfolio is made up of ⦠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. Invest in Gold by Purchasing Stock in Gold Miners. Dozens of countries including China, the US, Australia, India, Canada, and others produce the yellow metal. As a result, platinum prices fell as much as 15% within three months. Primary Count: So do its prices. Sorry, the comment form is closed at this time. Historically, the ratio has been below 1, meaning the price of platinum has been higher than gold. Tagged: Chart Pattern Recognition, Gold Technical Analysis. Love the British Spi…. The yellow metal is durable, malleable, and it acts as a hedge against inflation. [1]-[5], [A]-[C] : Major If the economic and political conditions are stable, the industrial demand for platinum shoots up. Iamgold is down more than 10% to start the new year and continues to be one of the worst-performing stocks in the sector. But the yellow metal logged an 18.9% return in 2019. 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. You can follow any responses to this entry through the RSS 2.0 feed. Now letâs zoom out. 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. Both gold and platinum are precious metals, but there are factors that independently affect each of them. 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. 1-5, A-C : Minor 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. Precious metals have attracted investors looking to diversify their portfolio of stocks, bonds, and cash. The gold-platinum ratio not only helps us understand the relationship between the two, but also offers clues as to the market sentiment. 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 ⦠A supply issue in one country is unlikely to have a huge impact on prices worldwide. Sometimes gold trades at a premium to platinum, and sometimes the white metal commands a premium. PUG is not a licensed investment adviser (advisor) or commodity trading adviser nor is licensed as such with any federal or state regulatory agency. If you have questions send an e-mail to: pug.sma.llc@gmail.com. Sorry, your blog cannot share posts by email. Turbulence in the auto industry could also affect platinum prices. Though it serves as a hedge against inflation, it doesn’t have growth potential. 01:21PM : Silver gets the GameStop treatment, rallies by as much as 13%. In the present economic scenario, platinum is vulnerable to fluctuations in both supply and demand. Platinum has a much wider application in the industry vs gold. Gold becomes the investment of choice when inflation runs high. SCI-SCV, SCA-SCC: Super Cycle I will then send you the password to view the premium content. If you look at the material value of precious metals, platinum sits at the top. As an investment, platinum doesn’t have as long a history as gold, which has been facilitating trade since ancient civilizations. Wars and geopolitical tensions also prompt investors to seek refuge in the yellow metal. Both gold and platinum have their own unique qualities. All examples are provided for educational purposes. Disclosure: I own some physical gold. PUG does not manage client assets in any way. You can easily trade them for cash. It’s also used in turbine engines, medical devices, computers, and the petroleum industry. And platinum prices fall because of declining demand. Unlike gold, platinum is highly malleable. Gold is by far the most popular investment among precious metals. So in other words, the blue line is Commodities vs Stocks. Investors large and small buy gold to diversify their portfolio, especially during uncertain economic conditions where the S&P 500 may be crashing. Yahoo Finance Video. It causes platinum prices to fall. In this gold vs platinum comparison, let’s check out which precious metal is a better investment and why. Another aspect to consider is that only two countries – South Africa and Russia – produce platinum. 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. A break above the neckline at 183.11 will confirm the pattern. They are tangible assets with intrinsic value. GLD has reached the right shoulder target area of 175 of the potential bullish IHS. MarketWatch. Others pointed to a separate Reddit thread suggesting hedge funds stood to gain the most from silverâs surge. Summary. We haven’t seen such erratic swings in gold prices. The auto industry also affects platinum prices because it accounts for nearly half of the world’s platinum consumption.
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