4 Responses to “Platinum peaking?”

1. PEJ
   January 15th, 2010 at 4:45 am

   

   Hear what the clueless Nobel Prize clown who wants more regulation and more stimulus to fix the economy has to say. How pathetic:

   Krugman: Bankers Without a Clue

   … the bankers’ testimony showed a stunning failure, even now, to grasp the nature and extent of the current crisis. And that’s important: It tells us that as Congress and the administration try to reform the financial system, they should ignore advice coming from the supposed wise men of Wall Street, who have no wisdom to offer.

2. Mike
   January 15th, 2010 at 10:34 am

   

   Well, he has a lot more in common with the bankers than he realizes. They are both highly statist and favor inflationary policies.

3. Mike
   January 15th, 2010 at 10:35 am

   

   A note on PL — the chart of PA (palladium) is nearly identical. I happen to be short it today.

4. PEJ
   January 15th, 2010 at 10:49 am

   

   The main reason for the parabolic might be that a few ETFs on both palladium and platinum have been recently launching.

   I don’t have any view on these two, though I believe every asset is rape for a serious correction (but treasuries and dollar, which will probably benefit from the drop of the others)