Update on the Short Gold-Long Platinum Pair Trade (GLD; PPLT)

Back in November we posted "If You Absolutely Have to Have Precious Metals Exposure, Consider Platinum (HSBC)". The trade is up over six months but is now starting to accelerate. Here's the recent action with the S&P 500 thrown in for comparison:

The trade is approaching the 6% spread that we saw back in late January when we posted:

Jan. 25
The Gold/Platinum Pair Trade: What a Difference a Couple Days Make (GLD; PPLT)

 I fear I may have some 'splainin' to do at the Monday morning meeting.

Jan. 22 
South Africa Gold Strike Delayed, Platinum Walkout Is On" (GLD; PPLT)

This is about as good as it gets for our little short gold/long platinum pair trade.