The Treasury notes and bonds continue to slide while January platinum settled within its consolidation range between $1628 and $1733.  We have been expecting a choppy, sideways trade and for the past month we got it.  With gold looking saggy along with higher Treasury yields the choppy consolidation should continue barring a currency and debt crisis or a sudden shooting war somewhere. 

We’re on the sidelines waiting for lower prices.

Jan platinum $1,704.40, down $9.50; Range $1,690.00-$1,711.40

Mar palladium $752.65, down $15.55; Range $741.10-$763.05

Feb gold $1,386.20, down $18.10; Range $1,382.30-$1,398.00

Mar silver $29.253, down 5.35 cents; Range $28.925-$29.645