$GOLD:$PLAT
This is Another Ratio at Historical Highs
Remember when Platinum was always more expensive than Gold ?
Not anymore Gold is 1250 and Platinum 930. That ain’t normal
What does this mean ?
Another barometer of Economic Confidence ?
This chart is threatening to break out in a new impulse move.
PS…please don’t mention the “negative divergence ” You cannot use momentum indicators diverging on monthly charts to predict anything.
Look at any monthly or weekly which is in a Secular Bull or Bear and you will see indicators doing this kind of divergence. Momentum Indicators are for daily and shorter periods IMO.
The 10 year chart is quite amazing! 40 year chart: I didn’t realize until now that the gold:plat ratio has been 1.45 before, in 1982:
http://stockcharts.com/h-sc/ui?s=$GOLD:$PLAT&p=M&yr=42&mn=0&dy=0&id=p84715185119&a=422997387&listNum=1