Tuesday, February 8, 2011

Platinum and palladium have been holding their value better than gold.  Gold made its highest close since the January 28 low of $1309 at $1364.  We’ve seen forty bucks taken off of gold one session many times but taking the market at its word it looks bullish.  April platinum closed $17.70 higher at $1861.90.  There is very little resistance until $1950.  The metals are going higher, especially palladium. 

Apr platinum $1,861.90, up $17.70; Range $1,838.40-$1,867.40
Mar palladium $838.45, up $19.40; Range $815.75-$839.50
April gold $1,364.10, up $15.90; Range $1,348.90-$1,368.70
Mar silver $30.271, up 92.8 cents; Range $29.260-$30.315

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