I was looking for a technical bounce after Friday’s plunge. January platinum closed the Monday afternoon session close to the day’s low at $1675.80 down $8.80.  Get ready for a test of support at $1660 and $1640.  The value buyers had to present their case right away and they didn’t.  There will be a period of sideways to downish choppiness. The dollar looks set to rally further. Even another debt crisis in Europe may not bring the precious metals to life right away.  The bull has been wounded and needs some time to recover.

Jan platinum $1,685.80, up $1.20; Range $1,671.00-$1,697.90

Dec palladium $681.30, down $7.65; Range $664.50-$689.40

Dec gold $1,368.50, up $3; Range $1,356.50-$1,376.60

Dec silver $26.092, up 15 cents; Range $25.475-$26.480