platinum price 2020

Could the market hold the same potential for investors this year as it did last?

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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.

Live 24-hour Platinum Price Spot Chart from New York, London, Hong Kong and Sydney. In particular the platinum to silver price ratio is a good indicator for when the price of platinum is about to surge.If we look back 50 years we see that platinum tended to move strongly higher every time silver did so as well. Prices reflect platinum's spot price.This is an overview of forecasted platinum prices for 2020 by other analysts. We discuss both in more detail.Similar to the gold and silver COT report we look at extreme net positions of non commercials.

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They rely on platinum and other precious metals despite their steep cost because they can’t find cheaper replacements. If only there’d been some way to know then what a good year 2019 would be to buy gold and silver and platinum.What do they foresee for the price of platinum in 2020? We don't support these forecasts, we just share them to illustrate how other analysts think about a platinum price forecast for 2020 and beyond.

This only occurs once in a decade or every 2 decades so we don’t really factor this in.We are on record saying that the first 4 are no leading indicator whatsoever, with the exception of extreme supply shortages which, as said only occur every 10 to 20 years.On the futures market there is indeed some truth in it, but not in the way Bloomberg explained it.Anyhow, we consider one of the two valid leading indicators for the future price of platinum to be the platinum futures market COT report.The way to understand this indicator is that it signals a bottom or top when hedge funds have extremely low or high positions. The 2020 Ford® Expedition Platinum SUV offers 3.5L EcoBoost® 400HP Engine, Panoramic Vista Roof®, Multicontour Seats with Active Motion and more. The most recent platinum commodity price as of December 11, 2019 is $920.13, after starting this year at a level of $799.54. This does not occur often though, certainly not as often as in the gold or silver futures market.The other leading indicator based on our research is the platinum to silver price ratio. If companies could use less expensive materials, they would. Thus, their dependence on precious metals creates a floor for demand.One exception to this rule might be the replacement of palladium with platinum for such applications as catalytic converters. Please Call for Product Availability & Pricing.Commodities will be outperformers in 2020 due to a host of fundamental macroeconomic factors… ‘Platinum would be number one.’—Wells Fargo’s Head of Real Asset Strategy, John LaForge—President of World Markets at TIAA Bank, Chris GaffneyIt is encouraging to see investment demand for platinum growing rapidly in 2019, and we expect this trend to continue. What we are really (only) interested in is this to catch these major moves in platinum.

The prerequisite is that platinum has to cross $1100/oz. This may be an aggressive bull market or a tactical bull market.Let’s now combine the findings of our leading indicators with the observations platinum’s long term chart.Chart-wise we see 2 major trends based which are reflected in 2 different patterns.The first pattern is this giant triangle that is in the making for 2 decades.

It will be the type of ‘big move’ we want to ride.It is not likely that this will happen in 2020 although we cannot exclude this.
We do know that What do these factors suggest? 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.

Prices reflect platinum's spot price.This is an overview of our platinum price forecasts from last year. Financial Institution Platinum Price Forecast 2020 In its Commodities Price Forecast released last October, the World Bank predicted platinum prices to climb by 4% during 2020 to $890; however, at the January 23, 2020 platinum price of $1,004, the … It partially works to signal major peaks, but not necessarily the bottoms.The most reliable leading indicator appears to be the price of silver. How big?Here’s what big banks and financial experts expect.In its Commodities Price Forecast released last October, the The bank cited increasing industrial demand, specifically for auto catalysts, and tightening mine supply due to financial fragility in South Africa as platinum price drivers.Fears of a global economic downturn drove investors to safe-haven assets gold and silver and away from industrial metals silver and platinum, explains Chris Gaffney, president of World Markets at TIAA Bank.However, with growth expectations turning more positive and central banks around the world likely to hold rates steady in 2020, the manufacturing sector should rebound, Even though they admitted the market has been somewhat volatile in the past few years, they believe Rohit Savant, the CPM Group’s vice president of research, predicted 2020 platinum prices to remain about the same as 2019 prices or move higherDemand for the metal could be hampered on the industrial side during 2020 by a sluggish general economy, an end to the labor strike in South Africa, and a constriction of the diesel passenger vehicle market.Share Your Platinum Price Prediction for 2020 here:Still, a great percentage of the demand for these two metals comes from industry.

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