January platinum settled above its April 2010 settlement high today at $1768.90.  The question remains whether yesterday’s intraday high of $1799.50 was a buying climax, commonly called a blow off top.  I don’t think so.  With gold and silver making record high settlements, copper and crude oil rallying along with the stock market, this is only the beginning of platinum’s catch up phase.  Even palladium has blown the doors off of the lagging and lame platinum market.

Until now.        

Jan platinum $1,768.90, up $13.00; Range $1,743.5-$1,786.5
Dec Palladium $685.40, up $10.65; Range $669.35-$700.20
Dec gold $1,397.7, up $14.60; Range $1,371.90-$1398.7
Dec silver $26.748, up 70.5 cents; Range $25.875-$26.915