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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┬áspeculation 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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[2] Gobal Financial Data: http://www.globalfinancialdata.com/index.html

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