Tuesday, November 9, 2010

There was a severe reversal in the precious metals during the post settlement afternoon continuation, especially in silver.  The dollar came roaring back and the metal bulls faltered. January platinum closed the session at 1763.70, down $7.40 on the day after making a high of $1811.80.  The PM complex is due for a correction if the dollar rallies.  

Jan platinum $1809.60, up $38.5; Range $1746.80-$1811.80
Dec palladium $742.65, up $31.75; Range $675.10-$743.50
Dec gold $1410.10, up $6.90; Range $1403.00-$1424.30
Dec silver $28.906, up $1.474; Range $27.530-$29.340

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