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Platinum price move above gold for first time since mar 12
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<p>[QUOTE="Juan Blanco, post: 1621239, member: 41665"]There may be no simple answer (Right or Wrong) but remember that the Pt mkt is much more thinly traded than Gold. </p><p> </p><p><br /></p><p>Did the 'Platinum Coin news' have ANY effect? It appears NEWS LED MOVE. Coincidence and zero correlation? Personally, I doubt that. </p><p><br /></p><p>a) Rising bullion premium at the LCS/ebay would strongly indicate YES: retail bullion buyers following news played<i> some role </i>in this early POP spike.</p><p>b) Rising institutional & retail interest in PPLT (again on radar) may be correlated to 'rumor/news.' </p><p> </p><p>See how "Platinum coin" news peaked 1/9/2013 and still high on 1/12/2013; then see how volume in PPLT more than doubled 1/11-1/14/2013. </p><p><a href="http://www.google.com/trends/explore#q=platinum%20coin&date=today%201-m&cmpt=q" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.google.com/trends/explore#q=platinum%20coin&date=today%201-m&cmpt=q" rel="nofollow">http://www.google.com/trends/explore#q=platinum%20coin&date=today%201-m&cmpt=q</a></p><p><a href="http://ycharts.com/companies/PPLT/volume" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://ycharts.com/companies/PPLT/volume" rel="nofollow">http://ycharts.com/companies/PPLT/volume</a>[/QUOTE]</p><p><br /></p>
[QUOTE="Juan Blanco, post: 1621239, member: 41665"]There may be no simple answer (Right or Wrong) but remember that the Pt mkt is much more thinly traded than Gold. Did the 'Platinum Coin news' have ANY effect? It appears NEWS LED MOVE. Coincidence and zero correlation? Personally, I doubt that. a) Rising bullion premium at the LCS/ebay would strongly indicate YES: retail bullion buyers following news played[I] some role [/I]in this early POP spike. b) Rising institutional & retail interest in PPLT (again on radar) may be correlated to 'rumor/news.' See how "Platinum coin" news peaked 1/9/2013 and still high on 1/12/2013; then see how volume in PPLT more than doubled 1/11-1/14/2013. [URL="http://www.google.com/trends/explore#q=platinum%20coin&date=today%201-m&cmpt=q"]http://www.google.com/trends/explore#q=platinum%20coin&date=today%201-m&cmpt=q[/URL] [URL]http://ycharts.com/companies/PPLT/volume[/URL][/QUOTE]
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Platinum price move above gold for first time since mar 12
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