Platinum Shines Today
Posted by
Rob |
September 4, 2008 .
Gold sank below $800 to close at $796 for the day. Silver dropped a couple cents, while Palladium stayed flat. Of the "big four", only Platinum managed a gain – it closed at $1387. It’s trying to get back over that $1400 hump, but struggling to do so.
I’m going to call a different story tomorrow. I’ll go out on a limb and say we’ll see gold top $800 by the close, Silver top $13, and Platinum top $1400. Palladium will probably stay about flat, but may scare $300.
Often Fridays aren’t good days in the metal markets, for some reason. We’ll see what tomorrow brings.
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