Gold and silver closed below their support but April platinum, while also down on the day, closed above its support at $1813 and $1793 to settle at $1818.60, down $19.50.  It could have been worse.  The low of the day was $1800.60 or $37.50 lower.  A technical bounce isn’t a rally.  Platinum held up nicely under pressure from the metals sector but if gold and silver continue to weaken, platinum and palladium will follow suit. 

This is the turning point for gold and silver that I have been expecting since the December high in gold.  The correction is at hand. 

Apr platinum $1,818.60, down $19.50; Range $1,800.60-$1,842.40

Mar palladium $815.85, down $3.90; Range $795.00-$818.85

Feb gold $1,346.50, down $23.70; Range $1,342.40-$1,370.90

Mar silver $27.473, down $1.328; Range $27.375-$28.780