Monday, September 28, 2015
Gold/Platinum Spread Bullish?
This week platinum prices moved to new lows that we haven’t seen for seven years. Both technical traders and fundamentalists had reason to sell, as we broke through long term support levels and several news stories are working against the metal. Gold futures meanwhile, continue to trade favorably and outperform the other metal markets. The divergence between these two metals has created an opportunity in the relative price of each contract. (more)