Wednesday, March 30, 2011

Following a strong rally in the S&P 500 July platinum settled $31.60 higher at $1775.70, making a new high since the March 17 low. Just what the doctor ordered for the bulls. There is still a lot of resistance at $1780 and $1810.

Big trades are on hold for the U.S. unemployment report due on Friday.

Jul platinum $1,775.70, up $31.60; Range $1,744.10-$1,780.50
Mar palladium $758.10, up $5.15; Range $747.40-$762.00
Jun gold $1,424.90, up $7.40; Range $1,413.10-$1,431.70
Jul silver $37.535, up 52.6 cents; Range $36.950-$37.780

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