April platinum is at the upper end of a ten session trading range between the March 17 low at $1658 and the March 24 high of $1768 to settle today at $1747.80.  The watchwords are going to be range bound consolidation until gold and the S&P decide what they are going to do. 

While the chart looks as though the nuclear bear scare is over I expect another test of support at the $1768 low.  It may take a week, it may take a month but if the trading ranges narrow and gold goes lackluster we could see a period of choppy, sideways trading until the next volatility event brought on by Japan, the Middle East, the European banks , the Fed, and all the etceteras traders have to watch for in these turbulent times. 

Buy and hold long term.

Apr platinum $1,747.80, up $2.20; Range $1,725.20-$1,748.40
Jun palladium $745.70, down $4.70; Range $736.10-$751.65
Apr gold $1,419.90, down $6.30; Range $1,410.10-$1,430.00
May silver $37.088, up 3.9 cents; Range $36.435-$37.430