Platinum is the only precious metal NOT to confirm a new bull market. I believe that will change soon and expect a breakout to fresh highs in 2021.
The global health crisis triggered unprecedented stimulus and debt expansion. Platinum is sensitive to inflation (like silver) and should respond bullishly. Longer-term, I think platinum could double the price of gold due to supply constraints.
PLATINUM LONG-TERM
A breakout above $1050 is needed to confirm a new bull market. With all the money printing, we see it as only a matter of time.
PLATINUM NEAR-TERM TARGET
We see platinum finding support between $700 – $800. A breakout above $1050 in 2021 could signal an advance to $1750+.
AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle. For more information visit here.
AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle that will begin to unravel in 2020.
