The dollar index plunged, gold and silver stayed the same, while platinum and palladium soared.  Platinum was the laggard of the precious metals and is now making its long anticipated catch up move.  April platinum settled $20.10 higher at $1821.20, taking out the November 9 high after a $93 three-day range.  All this is very bullish, of course.

Can platinum trend upward while gold is trending down?  It isn’t happening yet but historically, yes, it could.  It’s an anomaly, though.  It can’t be counted on.  Platinum is usually the leader or the laggard.  Right now it is leading.     

Apr platinum $1,821.20, up $20.10; Range $1,794.50-$1,833.00

Mar palladium $813.45, up $6.70; Range $805.00-$825.10

Feb gold $1,387.00, up $1.20; Range $1,377.20-$1,392.90

Mar silver $29.263, down 28.2 cents; Range $28.900-$29.810