Platinum, a precious metal significantly rarer than gold, is currently undervalued compared to its historical value. Despite reaching a peak of over $2,200 in 2008, platinum now trades below $1,000, indicating a substantial decline in real terms. A giant Head-and-Shoulders bottom pattern has been forming since 2015, suggesting a potential breakout and rally. The 6-month chart shows an upward trend and a bullish cross of moving averages. Platinum’s price relative to gold implies a long period of outperformance for platinum. This analysis highlights the potential for significant gains in platinum investments, making it an opportune time for investors to consider purchasing platinum stocks.
