Gold, Silver and Platinum . . . Yes, Platinum
Posted By Barry Ritholtz On January 18, 2013 @ 11:30 am In Gold & Precious Metals,Markets | Comments Disabled
Gold, platinum, and silver to 1910. All trading at or near all-time highs.
click for ginormous chart
[1]
Source: Gobal Financial Data [2]
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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URLs in this post:
[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/01/platinum.jpg
[2] Gobal Financial Data: http://www.globalfinancialdata.com/index.html
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