Friday, September 17, 2010

October platinum closed at $1621.80, above the June and August highs, although not decisively as it faded from the high of the day of $1630.70. The next possible stopping point is $1640. Without a market sector itching to sell it may not be long before platinum regains its 2010 high of $1760. When considering the thinness of the platinum market there may be explosive, volatile moves ahead especially if auto demand stays firm.


Oct platinum $1,621.90, up $10.00; Range $1,604.20-$1,630.70

Dec palladium $545.70, down $3.65; Range $541.60-$557.00

Dec gold $1,277.50, up $3.70; Range $1,273.00-$1,284.40
Dec silver $20.816, up 4.5 cents; Range $20.620-$21.025

No comments:

Post a Comment