Gold, Silver and Platinum . . . Yes, Platinum

January 18, 2013 11:30am by Barry Ritholtz

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.

Source:
Ralph M Dillon
rdillon-at-globalfinancialdata.com

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