Platinum Outperforms Gold as Auto Stocks Surge
While the Gold Trust SPDR (GLD) pulled back rather sharply in 2011, the Platinum ETN (PGM) held strong and recorded a new 52-week high this week. Platinum was lagging gold until from early August until late November. The PGM:GLD ratio bottomed at the end of November and moved sharply higher in 2011. This could have something to do with the rebound in auto stocks (catalytic converters).

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