Over the last three sessions April platinum went from a high of $1869 to a low of 1803.50. That’s a $65.50 three-day plunge. The technical bullish trend is still intact in spite of the recent bearishness, however.  With interest rates crawling higher and the situation in Egypt heading toward a peaceful resolution the precious metals along with Suez Canal sensitive crude oil may be in for a jolt from the bears. 

The S&P forging new highs by the minute is good for industrial platinum, though.  The markets will have the weekend to digest the level of political unrest and how to respond.  Platinum is still bullish but the tune could change in a hurry as usual.

Apr platinum $1,813.50, down $17.30; Range $1,803.50-$1,840.20

Mar palladium $814.70, down $6.20; Range $805.00-$828.90

Apr gold $1,360.40, down $2.10; Range $1,354.30-$1,369.70 

Mar silver $29.995, down 9.9 cents; Range $29.685-$30.285