Commodity Trade Mantra

Posts Tagged ‘South Africa’

World Platinum Investment Council: “We will help Investors"

What will the World Platinum Investment Council – launched by a group of six platinum producers in South Africa, do? It is an entity focused on helping investors. The purpose of WPIC is two-fold, to provide much better market data on platinum & in due course, develop the global market & help facilitate new routes for platinum investment.

Peak Gold? Russia To Surpass Australia As World No 2 Gold Producer

Decline in gold production in Australia has been blamed on royalties & falling price in recent years. Possibly Australia may have reached “peak gold.” China & Russia are the only 2 large producers to have seen significant gold production increases as sizable ore deposits that were left untapped during the Communist eras are mined today.

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.

BRICS Announce $100 Billion Reserve To Bypass Fed, Developed World Central Banks

The anti-dollar alliance – BRICS has successfully created the BRICS Bank with India as the first President, a so-called mini-IMF as part of a system of measures that would help prevent the harassment of countries that do not agree with some foreign policy decisions made by the US & their allies.Simply put, it’s game over for the dollar.

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.

The Platinum Supply Shock - Peter Schiff

The longest strike in South African history paired with surging Asian demand is set to push platinum back into a physical deficit in 2014 & could have repercussions for years to come. Even the most ardent precious metals bears cannot deny the robust fundamentals for platinum this year. Here’s why.

The Birth of a New Bull Market - Platinum and Palladium

Many are bullish on platinum and palladium due to the strikes in South Africa, the world’s largest producer of platinum. Or geopolitical conflicts with Russia, the largest supplier of palladium. But their supply is in a structural deficit & won’t be resolved when strikes end or Russia simmers down. Here are six reasons why.

Why Did the BRICS Back Russia on Crimea?

The BRICS’s support for Russia shows the Western-dominated post-Cold War order is eroding. It’s worth noting that the BRICS countries are supporting Russia at potentially great cost to themselves, given that they all face at least one potential secessionist movement within their own territories.

Platinum ETF Holdings Hit Record High - Set To Rise Further

Platinum holdings in physically backed exchange-traded funds have hit a record high after fresh inflows into funds listed in London and Johannesburg and are set to rise further as a strike in major producer South Africa grinds on. Platinum ETFs now hold a record 2.215 million ounces.

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?

European Banks have $3 Trillion of Exposure to Emerging Markets

European banks have loaned in excess of $3 trillion to emerging markets, more than four times U.S. lenders, putting them at greater risk if financial market turmoil in countries such as Turkey, Brazil, India & South Africa intensifies. Europe’s banks have about 12% of their assets in emerging markets.

Platinum Mine Strike To Spread As Second Union Joins

A South African strike that’s crippling output at the world’s three-biggest platinum producers may spread at Anglo American Platinum Ltd. as a second union plans to walk out of its refineries and smelters. South Africa’s platinum industry is losing an estimated $18 million daily.

Who Are The Biggest Losers From The Emerging Market Crisis?

Markets won’t be calmed until there is clear evidence the current account deficits in EM nations improve. But how can these adjustments happen? Current accounts are a zero sum game, so future improvements in emerging market trade balances have to come at someone else’s expense.

Gold Price Exploding In Emerging Markets

The reason for the emerging market turmoil is the capital flight out of those markets, directly linked to the tapering fear from the US Federal Reserve. Gold is the ultimate protection against the central banking illusion which is why we advocate holding physical gold outside the banking system.

New Trend Guarantees Higher Gold Prices

Consequences of debt, money printing & currency debasement, etc are valid, core reasons to hold gold in a portfolio at this point in time. But a new trend is under way, and someday soon it will be just as much a driving force for gold prices as anything else: a good old-fashioned supply crunch.

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