Every dog has its day, and right now platinum looks like it is heading for a test of technical resistance at $1026.50, the early September 2017 high. A move above that level would break the pattern of lower highs and could put the volatile precious metal in a position to test its 2016 peak at $1199.50 per ounce. Even though platinum has rallied more than gold, it remains at around a $325 discount to the yellow metal, and at over $105 per ounce below palladium. On a historical basis, even though platinum is well off its lows, it remains cheap compared to both gold and palladium.
Saturday, January 20 2018
By GCRU Gold News on Saturday, January 20 2018, 01:20