October platinum continues to slide away from the recent highs above $1600 and has now fallen back to settle today at $1542.90 down $27.90. The technical indicators point to platinum finding support just above the $1550 level but weak U.S. economic fundamentals will make a sustained rally difficult.

If gold starts consistently trending downward below $1180 we could see much lower platinum prices.

Oct platinum $1,542.90, down $27.90; Range $1,541.10-$1,578.70

Sep palladium $479.65, down $7.95; Range $476.10-$493.75

Dec gold $1,202.60, down $2.70; Range $1,201.10-$1,212.10

Sep silver $18.242, down 23 cents; Range $18.220-$18.575