July platinum closed at $1536.20 up $2.20 on the day. Platinum is beginning to show slight improvement due to better macroeconomic expectations coupled with a big up range day in the stock indices. We do not suggest that Platinum will soar through resistance at $1550 unless the equity markets continue to extend the initial gains. Short covering and a little fresh outright buying with continued Euro zone debt fears make us skeptical of any upward move in platinum prices.

July platinum $1,536.20, up $2.20; Range $1,521.10-$1,550.00

Sep palladium $449.30, down $5.95; Range $446.30-$456.55