Gold and silver displayed hugely significant technical bullishness on the charts today. January platinum held firm on spillover buying. What perhaps should have been a setback to the $1600 level was stopped in its tracks. If this is the best the bears can muster in terms a correction their hand is very weak. The short term resistance is still at $1650, only about $10 away from today’s close at $1640.70.
Jan platinum $1640.7 up $5.70; Range $1609.00-$1642.70
Dec palladium $560.45 up $8.25; Range $541.00-$563.75
Dec gold $1308.30 up $9.70 Range; $1276.20-$1311.80
Dec silver $21.707 up 23.60 cents; Range $21.060-$21.775
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