Thursday, February 23, 2012

Platinum

Platinum has recently under-performed Gold. Historically Platinum prices have been at 50% to 100% premium over gold. However, more recently, the price of Platinum has fallen below Gold due to growth worries. During last year's correction Platinum found support at the 2007 highs around the $1350 area while Gold found support at $1500. That correction is clearly in 3 waves and the reversal of that correction is looking impulsive.

Platinum is is looking good for an extended run here. I would start small & add on corrections.

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