GLTR

Weak market action in platinum as it remains below $900 per ounce.All precious metals are consolidating, but platinum remains the worst performer."Rich person’s gold" is less than half the price of the yellow metal itself.Palladium and rhodium should boot platinum out of the group and change the name.GLTR - Exposure to platinum in the diversified product is minimal.

Western policymakers embark increasingly on centrally planned economic policies.Aggregate debt levels and central bank balance sheets inflate continually and not countercyclically.The monetary policy adopted by the Fed and ECB proved already ineffective in Japan.Gold is likely to continue its short-term rally before technicals weaken.

Americans cautiously returned to the doctor’s office for non-essential medical procedures like knee replacements in the third quarter but Wall Street expectations into the end of the year may be too high.

Vanguard Group Inc. returned about $21 billion in managed assets to government clients in China as part of a global shift to focus on low-cost funds for individual investors, according to people familiar with the matter. BlackRock Inc. and Amundi SA are being considered to manage a portion of the funds returned by Vanguard.

Precious metals move 14.30% higher in Q3. Silver leads the way on the upside for the second consecutive quarter with a better than 26% gain for the three months. Gold continues to march higher with an over 4.8% price increase in Q3. Platinum rallies by over 7% over the past three months. Palladium moves almost 18.5% higher.