Gold (GLD,quote) vs. Platinum (PLTM, quote) Index is breaking lower (gold div by plat) which is not only a function of gold's demise as a hedge for global policy mistakes/inflation/anti-dollar but also as a sign of growth as platinum has industrial uses that are aligned with recovery.
Breaking out of 6 month (low) range its worth playing on short term technical measures and relative to long term averages of gold to platinum.
Longer term the average of gold to platinum was around .55, especially in the period of higher global growth and no fed action in mid-2000's.
Look at below for the long term average and where this spread could normalize to.