Gold, platinum, and silver to 1910. All trading at or near all-time highs.
click for ginormous chart
Source: Gobal Financial Data
Platinum has amazingly gained nearly a 10% over 7 trading sessions (Wednesday’s close). It is now trading at a premium to gold.
Political turmoil and a crisis in Mali saw mines shut down. Africa has has been in the midst of complex labor disputes, adding to the fear of shutdowns and supply constriants.
Add to that speculation of a rift between the FED and ECB, and Germany’s 1930s-ish repatriation of gold from New York, London, and Paris, and you have the makings of some curious trading.
Ralph M Dillon
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.