Saturday, January 25, 2014

The Gold/Platinum Pair Trade: What a Difference a Couple Days Make (GLD; PPLT)

Leading off Wednesday's "South Africa Gold Strike Delayed, Platinum Walkout Is On" (GLD; PPLT)" I commented:
This is about as good as it gets for our little short gold/long platinum pair trade. 
Errmmm, yes.
We were an unleveraged better-than 6% to the good over three months.
Look at it now:
Chart forETFS Physical Platinum Shares (PPLT)
A point-and-a-half three-month profit at the close.
I fear I may have some 'splainin' to do at the Monday morning meeting.