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Albert Sung is the author of Correlation Economics, monitoring breaking economic news on a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at Ashland, a... More
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Correlation Economics
  • Sprott Physical Platinum And Palladium Trust Goes Negative 0 comments
    Feb 1, 2013 3:01 PM | about stocks: SPPP

    A very rare sight, physical platinum and palladium now has a negative premium in the Sprott trust. So you can buy platinum and palladium at a discount! This could indicate to a future drop in platinum and palladium.

    I was very bullish on platinum before, but today the platinum to gold ratio has gone up tremendously from 0.85 to 1.03. I think it's time to take some profits.

    (click to enlarge)
    Chart 1: Sprott Physical Platinum and Palladium Trust Premium

    Stocks: SPPP
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