Platinum Plummets!

Platinum Plummets! A sharp bout of selling in Japan overnight, kept Platinum futures on the defensive today. The most-active October Platinum contract fell as low $1141.20 this morning, a drop of nearly $90 for the week. Heavy speculative selling started at the Tokyo Commodity Exchange (TOCOM) last night, with trade selling moving into the New York session. Late in the session, a short-covering rally in Gold and Silver spilled over to the Platinum ring, with local short-covering cutting the day's losses significantly by the close. Read More....