The precious metals market is precisely where the action was not for some time now. We have been in a rather odd place in the precious metals. We have been neutral on gold and platinum and bearish on palladium and silver. Normally, these market are monolithic, they rise together and fall together. If you get the direction of one right, you get the direction all the precious metals. The difference tends to be a matter of relative strength where one metal or another runs ahead of the pack or falls behind.
