Cau­tion called for

But both plat­inum and gold show strong po­ten­tial to go higher

Finweek English Edition - - Companies & Markets - COLIN ABRAMS

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.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.