Platinum is the strongest of the prcious metals on a relative strength basis.
From last years highs Platinum corrected only 21%, gold corrected 38% and silver 26%.
Platinum is near its all time high. When it breaks through there will be no limit to how high it will go.
On May 7, 2007 the nearest futures iin platinum exceeded their May 17, 2006 previous record high by $6.80, only to abruptly reverse lower to the extreme disappointment of the bulls. I think that if platinum can take out its contract high of $1358 there is a very high probability it will follow through this time, placing the market in a price vacuum.
An example of a price vacuum is copper. Its prvevious all time high was around $1.60 and when it broke through there last year it went up 250% to $4.00. That is a vacuum. It just sucks it right up.
Now copper is in a consolidation period and may have made its high for a long time but each metal will have its turn.
Platinum is next and then gold and silver.