[quote=SK in CV][quote=flu]Platinum at 1002
Silver at 18.32
Gold at 1320[/quote]
At the moment, one of those things is not like the other. Silver at its 52 week high that it hasn’t been close to before now. Gold just fell off its 52 week high that it wasn’t close to before the end of last weekend.
Pl not even close to its 52 week high, and has been higher, even substantially higher 4 times this year, and began the year much higher than it is now. It may return to being correlated though that’s unlikely. It’s not going to catch up.
None of them trade related to their utility value. They are fiats. And Platinum, not a very good one. And I suspect the non-correlative behavior of Pl will get worse, because of significantly greater supply deltas as compared to either gold or silver.[/quote]
Did not know that….I thought PI was more supply constrained than gold or silver since it’s only mined produced in a few countries, and because it’s also used in the automotive sector as an industrial metail for emission systems…Maybe I’m wrong about that.
