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Did Mr. Market Take His Second Enema?


As always, Mr. Market may be smarter than all of us, combined. Or, Mr. Market may still have residual discomfort from his recent enema, or food poisoning and in a bit of a fog. Today, gold is up $45 to $1393, yet platinum, having traded earlier in the day at $820, is now $805.8 and virtually flat on the day. 

For me, it is highly unlikely that platinum trades down significantly, and risk/reward remains remarkably positive. This is an essential metal for the world's civilian and military economies, trading at historically cheap relative prices. My ultimate price target is in the multiple thousands of dollars.

But I acknowledge that Mr. Market may know something; in the scheme of history he is a smart guy,  and it is certainly important to give Mr. Market the respect he deserves. 

So far, I have chosen not to listen and remain bullish even as price action has been miserable; and he's not whispering but is banging on the door, making it continually difficult to ignore, and equally important to continue to evaluate!


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