Platinum Begins Big Breakout Rally

PLATINUM MAY LEAD A COMMODITY PRICE RALLY

We believe the rally in Platinum is a strong signal that a Commodity price rally is initiating and that an inflationary price cycle may be starting. If our research is correct, evidence of this cycle phase will continue over the next 6+ months where commodities will continue to rally overall and where market inflation will become very tangible in the US and across the globe. This will prompt the US Fed, and global central banks, to begin to take immediate action to contain any potential run-away inflation concerns – obviously tightening monetary policy and raising interest rates.

Platinum may rally above $1500 if this rally extends to the 200% Fibonacci price extension level – and that move may come very quickly. This weekly Platinum chart, below, shows a green arrow that points to the 200% Fibonacci price extension level (near $1500). Remember, the commodity price rally in 1979/1980 lasted more than 24 months and prompted a big 400%+ rally in Gold. If that type of rally were to happen today, Gold would rally to levels near $7500 (or higher).

Pay attention to what is happening with Platinum and you’ll start to understand the inflationary/institutional demand for this unique metal. If our research is correct, we may see a new rally in Gold and Silver fairly quickly as Platinum acts as a catalyst for an inflationary cycle paired with a Commodity rally (very similar to the 1979 to 1980 rally).

It is a great time to be an active trader in these markets. One of our recent BAN trades just closed out for a 47% gain. These big trends may be here for the next 24+ months and 2021 is going to be full of these types of trends and setups. Quite literally, hundreds of these setups and trades will be generated over the next 3 to 6 months using the BAN Trader Pro technology. The BAN Trader Pro technology does all the work for us.

1 2
View single page >> |

Disclosure: If you want to know where the market is headed each day and week, well in advance then be sure to join my Pre-Market Video Forecasting service which is  more

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.