What do we have here?  Gold and silver making record highs by the minute while platinum spins its wheels around the $1700 level.  Platinum continues to draft its direction from gold, which takes its direction from the dollar.  The long term trend in gold is up, therefore the long term trend in platinum is up.  

We are still expecting a catch up move in platinum.  Suddenly, one day, maybe after Federal Reserve quantitative easing plans go beyond just hints and become official, platinum will explode to the upside.  Wait and see.  But the waiting period would be a good time for pool buyers to get in around $1700.

Jan platinum $1,712.60, up $5.20; Range $1,701.10-$1,727.60

Dec palladium $601.55, up $7.90; Range 595.85-$605.00

Dec gold $1,377.60, up $7.10; Range $1,371.10-$1,388.10

Dec silver $24.435, up 50.3 cents; Range $23.995-$24.950