Friday, October 1, 2010

Platinum had a big range up day today, which was no surprise to anyone. January platinum closed $23.50 higher at $1682.10. Gold ended the week at an all-time high. Silver closed at a 30 year high. There may me some resistance above the $1690 level. But then again there may not be. The precious metals jinni is out of the bottle and he is mighty ready for total devastation. Volatility could be a killer but longs should be rewarded.

Jan platinum $1,682.10, up $23.50; Range $1,659.00-$1,689.40
Dec palladium $574.90, up $3.65; Range $565.10-$580.00
Dec gold $1,317.80, up $8.20; Range $1,307.30-$1,322.00
Dec silver $22.06, up $2.39; Range $21.725-$22.170

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