Caution called for
But both platinum and gold show strong potential to go higher
FOCUSING ON precious metals this week, we look at the platinum price and the gold price charts, both in US dollars. Both charts are strong. Platinum is making consistently higher highs and shallower lows, while the gold price has recently broken out of a consolidation pattern and showing a clear upside target. Expect both metals to continue working their way higher, so they’re consequently to be bought on pullbacks. Please note: For more recommendations and charts by the author on shares, stock indices and commodities please go to www.themarket.co.za.