Platinum and gold both give buy signals
But the white metal is preferred
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.
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