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Saturday, September 1, 2012

The Miners Have Outperformed Gold And Silver; 3 Stocks That May Outperform Platinum

Those who follow precious metals have likely taken note that gold is trading at a higher price than platinum recently. This is historically very rare and thus suggests to this author that platinum may soon rebound above gold prices. Since the mid 1990s platinum has generally traded 50% to 100% higher than gold. Right now platinum currently trades at $1516 an ounce whereas gold is now trading at $1660 an ounce. Although platinum is up approximately 13% this month, I think the current run up may have just begun. I have thus recommended considering adding physical platinum to your portfolio or investing an ETF such as (PPLT) in addition to owning physical gold and silver or the ETFs (GLD) and (SLV). In both the gold and silver space I have been recommending investing in individual miners as a third-line approach, behind owning physical assets or the GLD and SLV. While the GLD, SLV and PPLT are up 2.2, 10.9%, and 7.5 % respectively in the last month, the miners of these metals have been outperforming the metals over the last month. Gold and silver miners as measured by the (GDX) and the (SIL) are up 8.3% and 11.9%. To my knowledge the one ETF that tracks the price of platinum miners is the (PLTM). This index in my opinion is to be avoided as ....READ ARTICLE

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