Commodity Trade Mantra

Posts Tagged ‘Platinum’

Why A Commodity Trading Legend is Buying Gold and Farmland Ahead of the Next Crisis

“Gold is a Tier 1. It’s a level one asset….” When a commodity trading guru like Dwight Anderson, founder of the iconic Ospraie Management, has something to say on the market outlook, people tend to listen, especially when he’s consigning the last great commodity bull run to the dustbin of history and buying gold and farmland for the next crisis.

Silver Takes the Gold Prize: Commodities Half Yearly Report 2016

Caused by worries of a summer interest rate hike and uptick in the U.S. dollar, gold and silver both stalled in May but have since rallied on the back of Brexit and with government bond yields in freefall. This has been highly constructive for gold and silver, as yields and precious metals tend to be inversely related. As for silver, some forecasters place it at between $25 and $32 an ounce by year’s end.

Prices of Gold, Platinum, and Silver Communicate Valuable Insights

Would you rather hold gold / silver bars or paper bonds yielding “negative interest” issued by an insolvent government that promised to repay you (if at all) in devalued currency units? Ignore the daily and weekly price gyrations, forget the self-serving pronouncements from Goldman, do not trust the paper-pushers at the Fed, and look at the big trends in the gold and silver price charts.

Looking Ahead, the Gold and Silver Rally Appears to have Legs

Gold and silver are going insane right now, thanks in large part to the weaker U.S. dollar. Year-to-date, palladium is up 7%, platinum 19%, gold 21% and silver 25%. A correction at this point would be healthy, but looking ahead, this rally appears to have legs. It’s clear that sentiment in precious metals has shifted dramatically, giving the group’s new-found momentum.

Gold, Silver Flash Crash Following $2.7 Billion Notional Dump

Just before 9:30pm Eastern time or right as China opened for trading, gold (as well as platinum, silver, and virtually all precious metals) flashed crashed when “someone” sold $2.7 billion notional in gold, resulting in a 4.2% or about $50 to just over $1,086/oz, the lowest level since March 2010. Once again an intentional HFT-induced slam with one purpose: force the sell stops.

Is the US Dollar Rally Nearing Its End?

Past dollar rallies of this type have mostly seen a dollar appreciation of around 20% & lasted from under a year, meaning the current rally is already extended. Also, disappointing U.S. economic data is mounting and being largely ignored. Valuations suggest that the U.S. dollar may now be the world’s most overvalued currency.

The Only Way To Short Central Banks Is To Be Long Gold - Marc Faber

“My belief is that the big surprise this year is that investor confidence in central banks collapses. And when that happens — I can’t short central banks, although I’d really like to, and the only way to short them is to go long gold, silver and platinum. That’s the only way.” – Marc Faber.

Palladium Reaches 13-Year High Over $900 oz as Gold Trading Volumes Surge 66%

Palladium, mostly used in catalytic converters in cars alongside platinum, has advanced 25% so far this year on concerns about Russian supplies & as supply was cut by a mine strike that ended in June in South Africa, the 2nd-biggest producer. Tension over Ukraine led to US & EU slapping sanctions on Russia, the top supplier.

Gold Dips, Silver Eagle Bullion Coins Top 26 Million

American Silver Eagles sales in record year 2013 had topped 29 million through the first seven months. Silver Eagles advanced by 260,000 in the later hours on Tuesday. The gain lifted Silver Eagle sales over 26 million for the year, maintaining a pace that is the second quickest in the coin’s 29-year history.

Gold Recovers, Silver Eagle Bullion Coins Top 25 Million

Gold broke away from a losing streak Wednesday, closing higher for the first time in 4 sessions, but Silver declined for a fourth consecutive session. Sales of 2014 American Silver Eagles have topped 25 million for the year. The annual Silver Eagle sales had jumped above 42.6 million in 2013 & coin sales had hit 27,575,000 by July 16, 2013.

Gold and the Ghost of Bail-Ins Past

Last week Germany reminded us that large deposits are going to be subject to bail-ins if a bank fails. The ghost of the Cyprus bail-in may be returning to the financial stage. Europeans might be buying physical gold from concerns over the financial health of Portugal’s Banco Espirito Santo.

Palladium Surges To 14 Year High; Can Go To $1,000 On Miner Strikes

Palladium miners in South Africa went on strike in January for the second time in two years, demanding higher wages and better working conditions. Global palladium inventories have dwindled and are now sufficient to meet only 16 weeks of demand from an over-exuberant auto manufacturing world.

Is Silver The World’s Most Undervalued Asset?

Silver is undervalued on a historical basis & also when compared with gold, platinum, palladium, base metals including copper, oil, stocks & U.S. dollar. Silver below $20/oz, remains less than half of its nominal record price in 1980. There are very few that remain at the same price levels as they were more than 30 years ago.

Data Shows That Gold Shortage Is Coming

Eric Sprott expects a “significant re-rating of the gold price” due to high physical demand from China & India, coupled with a gold supply shortfall. The effect, which he calls the “Chinese Gold Vortex,” is rapidly taking physical gold from West to East. When the West runs out of gold, the price should go much higher.

Russian Sanctions Could See Gold Prices ‘Explode’

The risk of conflict between Russia and the U.S. and EU is more than a short term risk. It is one of the greatest geopolitical challenges since the end of the Cold War. Therefore, it is likely to have a more material impact on gold prices due to the the strong possibility of increased safe haven demand.

Will Platinum, Palladium and Silver outperform Gold this year?

So far, silver and the PGMs are under-performing – but that is only relative to the gold price. While gold has been in the ascendant so far this year, the ‘other’ precious metals – silver, platinum and palladium, have also seen rises. Will any of these leapfrog gold as the year progresses?

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