Friday, January 11, 2013

UPDATED--Please Tell Me that the Trillion Dollar Coin Idea Isn't What's Moving the Platinum ETF (PPLT)

Update--arrrggghhh--below.
Original post:
I wouldn't even bring this up exept for the fact that the ETFS Physical Platinum Shares ETF has been outperforming the GLD since early November with the outperformance accelerating since Dec. 28:

Chart forETFS Physical Platinum Shares (PPLT)

When did this round of platinum coin chatter begin?

One saving grace for soon-to-be platinum traders, the ETF is coming up on resistance setting up the au contraire trade.
(With Au being the chemical symbol for gold there's a pun in there somewhere)

Update: "Oh Good Grief: 'Platinum ETF Leads Commodities on Platinum Coin Furor"'