Platinum put in its highest close since August of 2008. That looks bullish as all hell, yes indeed. Palladium is very strong also. But with gold not able to rally out of its droopy consolidation, I’m a bit wary of platinum flying higher still without the flagship precious metal, gold, right behind it.

The big question is which is going to break harder and faster, the dollar index or gold? The dollar has been hanging on to its support by a thread while gold is trading slightly beneath its support. The whole world, including me, is expecting a deeper correction in the gold market. It hasn’t taken platinum with it so far. The tape doesn’t lie. Platinum taken in isolation is ready for a power rally through $1850 and beyond.

Apr platinum $1,828.30, up $12.30; Range $1,803.20-$1,832.30

Mar palladium $810.45, up $19.95; Range $782.50-$813.10

Feb gold $1,368.20, up $7.70; Range $1,356.80-$1,376.00

Mar silver $28.912, up 59.2 cents; Range $28.050-$29.080