Tuesday, May 20, 2008

Platinum Makes A 10 Week High



As you know I've been bullish on Platinum based on its relative strength versus Gold and also because it's in a long term uptrend. Earlier this month I posted a chart of
Platinum vs Gold and you can see that chart by clicking here.

Platinum appears to making a move up and has made a 10 week high. Platinum is clearly the strongest metal and my upside target for this market is the highs from March.

1 comment:

Anonymous said...

Hello Kevin,
I have observed Gold for the last two weeks and I am about to take a position. The two weeks of May were a little bit shaky but the break out happened on the upside. The Financial are slowing down one more time (see XLF/XBD). Your position in Platinum was very judicious and very well done. I recognize a man of "experience".

I wanted to ask you a question. Have you added any positions in Shipping? I have enjoyed a good uptrend for FRO and OCNF however these two are "extending" themselves.

Thank you

Remi
Remi

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