wrote (32)
From: chevalier Thursday, Jun 5, 1997 9:22 AM
Respond to of 79858
I was wondering if anyone knew the historical average price discpency between platinum and gold. As of this morning Platinum continues to soar to $435 an ounce while gold is around $340. It was just a few months ago when platinum prices dipped below the gold price.
James Dines, the original goldbug, in his book Mass Psychology lists sum rules of thumbs that has made him money over the years. He calls them Dinesisms. One of his rules called "The Dines Wolfpack Theory" states "..not only did silver and gold move together, but so did platinum and palladium...a good way to make money was to find any group that had just begun to assume leadership, either on the upside or downside, and then examine the laggards for catch-up moves." Would not this pertain to gold and silver in today's market envirinment? Any comments appreciated.
Ari Sussman
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