I agree that this is still oversold and should be in the $15-$20 range by 2nd quarter so buying the dips as well. The Platinum and Palladium industry has not fully taken account of the supply shortage that will become obvious by the end of 2013 and beginning of 2014. At that point in time PT/PD will unhook from Gold and Silver due to the fundamental demand basics. Russia is producing far less and has depleted their inventories, S. Africa is a mess and many projects are on hold, as the Auto industry is making a strong recovery. SWC and PAL will benefit since they are out of the troubled geography and have real wealth in the ground.