It's been on the cards (and happening over the past two months), this week has brought Gold back to even pegging with Platinum as the fundamentals kick in. Palladium also very strong.
Just found this great article which pretty much sums up the situation. Enjoy!
Platinum Erases Most Of Discount To Gold As PGM Fundamentals Improve
'Platinum has erased most its early-year discount to gold prices as South African supply issues and improvement in U.S. auto sales underpin the platinum group metals.
Analysts look for the ratio between the two metals to at least level off in the coming months, with several citing an expectation for gains in both gold and platinum, although some add that platinum eventually likely will eventually regain its usual premium.'
Have a great weekend all.
Gus
PLA Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held