Gold, platinum, and silver to 1910. All trading at or near all-time highs.
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Source: Gobal Financial Data
Platinum has amazingly gained nearly a 10% over 7 trading sessions (Wednesday’s close). It is now trading at a premium to gold.
Political turmoil and a crisis in Mali saw mines shut down. Africa has has been in the midst of complex labor disputes, adding to the fear of shutdowns and supply constriants.
Add to that speculation of a rift between the FED and ECB, and Germany’s 1930s-ish repatriation of gold from New York, London, and Paris, and you have the makings of some curious trading.
Ralph M Dillon