It’s a case of mind over matter this morning.

It’s a case of mind over matter this morning. If the market doesn’t mind then it doesn’t really matter as fears of turmoil in the Eurozone’s political arena weren’t enough to suppress the positive sentiment in the region over the past several months. Helped by upbeat readings on Eurozone business activity and better economic data out of China and the U.S., the PGMs found some buying support that pushed platinum to within reach of $1750 in overnight sessions after closing Tuesday at $1707. Palladium continues to find good support above $760 and now trades at $764. Profit taking is a strong possibility with a run-up like this  and platinum has backtracked slightly but is still up 1.32% to start the day. Palladium is relatively unchanged from yesterday’s close. Not much on tap as far as economic reports today so investors will have time to figure out what they are going to do about not getting mail on Saturday’s anymore. Have a great day!