Why the market makers have it so wrong! Pt/pd to soon ... SOAR!
Ok, Friday's job numbers were better than I thought. The economy is picking up. Per the WSJ Wednesday, US manufacturing is soaring and especially auto. We will be EXPORTING over a million vehicles. Plus South Africa is flaring up, etc. SO HOW, HOW CAN Pt/pd be dropping? My take: it is the Fed and idiot young market "makers" that just don't get it. But they might be turning around. Check this out:
"Wednesday July 3, 2013 8:29 AM
TD Securities says it favors buying platinum group metals on any dips toward $1,350 an ounce in platinum and $650 in palladium. Both metals have fallen lately with gold. “South African wage negotiations have faded from people’s radars but will be front and center as we move through the summer,” TDS says. “U.S. vehicle sales data for the month of June were released yesterday showed a 9.1% increase from last year; year-to-date sales have risen 7.5%.”