Thursday, September 16, 2010

October platinum had some trouble staying above the June 21 high of $1617.80. It closed today at $1611.90 after reaching a high of $1619.00. Unless it can decisively pierce and trade above the $1617 high there could be a little downward back and fill in the coming sessions before the rally resumes. It might be a good buying opportunity for those still on the sidelines.

Oct platinum $1,611.90, up $6.60; Range $1,594.60-$1,619.00
Dec palladium $549.35, down $10.25; Range $548.00-$564.55
Dec gold $1,273.80, up $5.10; Range $1,266.10-$1,279.50
Dec silver $20.771, up 20 cents; Range $20.475-$20.825

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