Wednesday, December 1, 2010


January platinum climbed back to it’s highest level since November 22nd to settle at 1684.00.  A nice rally on the coattails of gold and silver but still a long way from the November 9th high of $1809.80 and the April 26th high of 1760.40.  Until the April high is breached again I remain skeptical of higher platinum prices.  The next short term resistance level is $1730 with support at $1628.

Jan platinum $1,684.00, up $17.60; Range $1,658.40-$1,692.30
Mar palladium $732.30, up $29.30; Range $712.05-$738.00
Feb gold $1,388.30, up $2.20; Range $1,383.00-$1,398.30
Mar silver $28.413, up 20.1 cents; Range $28.020-$28.880

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