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[Note: Kris is in Australian Wealth Gameplan mode this morning. So today's effort is brought to you by Diggers & Drillers editor Alex Cowie...]

Platinum has the makings of being the commodity story of 2010. Right now, the stars are aligned for this super rare metal, and this year I expect it will even outperform gold and silver.

Over the last three months Platinum prices have already risen 15.8%. And that’s set to continue.

So why are investors worldwide getting so excited about platinum? Let me tell you.

First of all, the supply of platinum is really tight.

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Well reader, as we approach 2010 one thing seems pretty clear, it won’t be much different from 2009.

2009 was a year of wild market movements. It was a year of nonsense winning out over common sense. And it was a year of old mistakes being dressed up as new solutions – only for the disguise to slip revealing what lay underneath…

Trouble is, no-one’s noticed yet because they’re all off partying like it’s December 2006.

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This morning we were going to congratulate Westpac on their mind-blowingly ingenious move of increasing interest rates by 0.45%, even though the Reserve Bank of Australia (RBA) had only increased rates by 0.25%.

Don’t believe all the spin about ‘higher funding costs.’ There’s much more to it than that. What Westpac has done is the banking equivalent of hitting a six back over the bowler’s head…

Forget that, it’s the equivalent of doing a reverse sweep to hit the ball for six over the wicketkeepers head.

We don’t normally praise the banks for being smart, but if we see someone from Westpac today we’ll be sure to give them a high-five.

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What a night on the markets. The London Stock Exchange goes “down” for three hours due to a technical glitch, and once trading resumed it finished the day “down” more than 3%.

Ouch!

On top of that Dubai kindly let everyone know that it’s in a spot of bother. You can imagine the conversation:

“Er, you know all that cash we borrowed to build those fancy pants buildings, well, there’s a glitch, ha, ha, ha. Any chance of extending the repayment deadline? We’re still good for it Guv, honest!”

And the Aussie market is taking a pasting this morning too. All I can say is I’m glad we recently recommended to Australian Small Cap Investigator and Australian Wealth Gameplan subscribers that they start using trailing stop orders.

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