Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2011 by Patrick Mikula All Rights Reserved

I wanted to post this chart a week ago but I could not find the time. I believe this chart still has value for traders watching the gold market. The big question for gold traders going into 2012 is whether gold is going to continue the bull market into 2012. There is a simple way to determine if gold prices are going to be heading down or up. You simply need to plot gold on the same chart as platinum. The chart below was made with Forecasting made Easy 2012 and shows the weekly gold and platinum using the same price scale. The normal relationship for these two metals is that platinum is higher priced than gold. Notice on this chart the platinum red bars are below the gold green and blue bars. As long as the platinum price is below the gold price the bull market in gold will not continue. So for now the gold forecast is for prices to move sideways to down and this will be the forecast as long as platinum prices are below the gold price.

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