For the past week April platinum has traded within a $95.00 range between $1770.50 and 1865.50. Today April platinum closed at $1820.40, still within last week’s boundaries. Let’s keep it simple; a close above $1870 is bullish and a close below $1760 is bearish. The bullish case made by the February 24 bounce off of $1770 is still to be refuted by the bears.

I don’t think it will be refuted. Perhaps it will be tested if gold corrects for a spell after making a new all-time high today, but not negated. Keep buying and stay long.

Apr platinum $1,820.40, down $17.50; Range $1,801.60-$1,847.60
Jun palladium $790.10, down $19.70; Range $782.00-$820.90
Apr gold $1,434.50, up $5.90; Range $1,428.30-$1,445.70
May silver $35.865, up 53.8 cents; Range $35.605-$36.745