Summary: If we compare the year-to-date performance of 10 major commodities, we find that 7 are down on the year while 3 are up. Gold, silver, platinum and copper are all down on the year, but platinum is for all intents and purposes flat at -0.92%. Gold on the other hand is down almost 20% on the year. The YTD performance of both of these metals has led to an increase in the platinum:gold ratio to back above 1. Historically, 1 has been a low mark, almost a support level, for the the platinum:gold ratio. If the ratio returns to its 25 year average of 1.4, we can expect platinum to outperform gold. Read more…
