Earlier we flagged the long overdue breakout in silver; now let's take a look at platinum which after years of dormancy has also erupted higher, sprinting into a bull market in the span of just weeks if not days, and up 35% from the April lows.
There are still those who upon entering a jewelry store and finding all platinum trinkets trading at a premium to gold, don't bother to ask questions. They should: while platinum did trade at a premium and hit double the price of gold back in 2008, the global financial crisis led to parity for about a decade, at which point gold took off and has yet to look back, while platinum has been stuck in a rut, flat as a pancake for the past decade.
