PPLT, the platinum ETF, had a pocket pivot yesterday and again today. We wanted to see it break above on good volume its 183.09 price point set on June 9.
Platinum is normally well priced above gold, but gold has been the safe haven trade. With all this money printing going on around the world, currencies are devaluing, thus hard assets including platinum should do well. While gold is the clear leader on a price performance basis, platinum may decide to catch up, pricewise, to keep its clear price lead over gold.
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