by Greg Guenthner
Daily Reckoning
I’ve said it before and I’ll say it again: some of the best trading opportunities we’ve seen in months keep popping up in commodities.
And there’s a brand new setup on our radar this morning that could bring us some scorching short-term gains. It’s a precious metal trade—one that most folks haven’t even thought about for more than five years.
I’m talking about platinum…
When you think precious metals, I’m sure gold and silver are the first that come to mind. Platinum is the forgotten precious metal. But it’s actually incredibly scarce compared to gold or silver. That’s why it’s often referred to as rich man’s gold.