Today October platinum closed above $1600 at $1605.30. We’ll see how long it lasts. If $1600 seems expensive it is still cheap compared to the April 2010 high of $1760 and cheaper still compared to the 2008 high of $2308. If gold continues to hold it’s own platinum should continue to catch up with follow through investment buying. It could get very volatile with big trading ranges.

Oct platinum $1,605.30, up $10.90; Range $1,580.90-$1,612.70

Dec palladium $559.60, up $5.80; Range $540.25-$564.35

Dec gold $1,268.70, down $3.00; Range $1264.50-$1,273.50

Dec silver $20.571, up 13.9 cents; Range $20.340-$20.650