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Below is a look at the year-to-date performance of 10 major commodities. As shown, seven are down while three are up so far in 2013. Orange juice is up the most, with a gain of 18.48%, followed by oil at 13.21% and natural gas at 3.31%. On the downside, silver is off the most with a decline of 22.98%, followed by coffee (-21.07%) and wheat (-20.90%). Corn and gold are both down nearly 20% as well, while copper is down 9%, and platinum is just barely in the red (-0.92%).

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With platinum essentially flat on the year and gold down 18.28%, the platinum to gold ratio has moved back above one (currently at 1.1). Below is a long-term chart of the platinum-to-gold ratio going back to 1986. As shown, the level of one had been a floor for the ratio until recently when it dipped and stayed below this level for most of 2012. Now that it's back above 1, will we continue to see platinum outperform so that it gets back to its average ratio of 1.4 over the last 25-plus years?

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Source: Platinum-To-Gold Ratio Back Above 1