We suspect the action yesterday is very disappointing to the bull camp given that stories of reopening of Europe failed to spark improved platinum demand hopes for diesel catalytic converters, especially after the very robust US gasoline vehicle sales results.
MARKET IDEAS: While it appeared that gold and silver were garnering lift from inflation vibes on Monday, the real spark of buying might have been attributed to aggressive actions by China against Taiwan.
MARKET IDEAS: While the bull camp appears to have regained control, it appears that the rate of gain today will be subdued unless sentiment in the equity markets improves and initial news from the US jobs front shows progression of the US recovery.