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long-gone

12/10/01 1:06 PM

#33 RE: long-gone #32

Platinum's premium to gold is relative to the movement of the metals. (ie; in 1980 when gold was at $800, Platinum was at about $1100 and Pallatium was at $165). As the metals sold off thru the years, platinum prices closely followed gold as just 3 months ago they were at parity and this would have been a nice spread (short Gold/Long Platinum). Platinum and palladium are not subject to the same rules that now gold is under with the central bankers because both PL and PA are VERY THIN ISSUES, and as such can be easily manipulated...especially by South Africa or Russia... as what you are seeing happen right now. In normal markets the range is $35 - $100 difference from gold. But if Platinum starts to move before gold, expect gold to follow shortly, and as such, Silver. Be patient, the move is coming shortly.
Phil