Tuesday, June 10, 2014

Update-Our Short Gold/Long Platinum Pair Trade: "Bottom Rail On Top Now, Boss" (PPLT; GLD)

Back in November we posted "If You Absolutely Have to Have Precious Metals Exposure, Consider Platinum (HSBC)". Here's the last-six-months update:
Chart forETFS Physical Platinum Shares (PPLT)
We reiterated the idea a couple dozen times and I'm tired of talking about it. Here are some of the links if interested. Kitco spot gold $1260.90 up $8.90, spot platinum $1476.00 up $29.00.

The second half of the headline is from Ken Burns in The Civil War, quoting the emancipated slave who, upon seeing his former master marched past as a prisoner-of-war said:

Bottom rail on top now, boss.