Friday, February 28, 2014

Follow-up: Gold/Platinum Pair Trade (GLD; PPLT)

PPLT is the physical platinum ETF while GLD does the same for auric.
After getting to 6% to the good Jan. 22, the short gold/long platinum trade actually dipped into the red before it  started going in our favor again this week:
5 day via Yahoo Finance:
Chart forETFS Physical Platinum Shares (PPLT)

and the three month:
Chart forETFS Physical Platinum Shares (PPLT)
Previously:
Jan. 25
The Gold/Platinum Pair Trade: What a Difference a Couple Days Make (GLD; PPLT)
 I fear I may have some 'splainin' to do at the Monday morning meeting.
Jan. 22 
South Africa Gold Strike Delayed, Platinum Walkout Is On" (GLD; PPLT)
This is about as good as it gets for our little short gold/long platinum pair trade. 
Jan. 20 
More on South Africa's Striking Mineworkers
Jan. 20 
UPDATED--South African gold producers receive strike notice from AMCU

And where this madness began:

Nov. 26, 2013 
"Platinum deficit to widen while prices decouple from gold"
Nov. 24, 2013 
If You Absolutely Have to Have Precious Metals Exposure, Consider Platinum (HSBC)