Plat, time to join the party with gold and silver.

Gold is leading the gains in the basket of precious metals and it is only a matter of time before the rest of the metals follow and break higher. The move higher in precious metal prices is immensely rand positive but we will have to see platinum come to the party for sustained rand gains before the local elections. Platinum has broken above the 50-day and 200-day MA’s and it is looking set to test the 61.8% Fibo rate of $957 per ounce and the major downward trend line in the days to come if it maintains levels above $915 per ounce.