Plat­inum and gold both give buy sig­nals

But the white metal is pre­ferred

Finweek English Edition - - Creating wealth - COLIN ABRAMS

WITH WORLD STOCK MAR­KETS in a vul­ner­a­ble state (though over­sold), we take a look at two of the main pre­cious met­als, plat­inum and gold. Both charts look fairly sim­i­lar, hav­ing been in con­sol­i­da­tion phases for many months. How­ever, it ap­pears that’s now chang­ing. In­deed, both met­als have bro­ken out of multi-month con­so­la­tion pat- terns, have pulled back in the short term and should now be looked at for buy­ing. The plat­inum price is out­per­form­ing the gold price on a rel­a­tive ba­sis at the mo­ment. While the in­di­vid­ual shares don’t al­ways re­spond di­rectly to their metal’s move­ment, plat­inum shares are still favoured above gold shares on the JSE.

Please note: For more rec­om­men­da­tions and charts by the au­thor on shares, stock in­dices and com­modi­ties, please go to www. the­mar­ket.co.za.

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