PGM News and Press, iPathA Series B Bloomberg Platinum Subindex Total Return ETN From 12/31/22

Summary Precious metals markets are finishing out a choppy 2022 on an up note. A strong fourth quarter is pushing both gold and silver prices back up into positive territory for the year. Gold often performs well during recessions. It can certainly be expected to hold up better than eco...

Summary The major months in Platinum are January, April, July, and October. During major months, Platinum behaves a lot like silver and gold with lots of open interest that dives as first position approaches. Delivery volume had to drop because there were only about 75k ounces in Regist...

Summary December gold is having the weakest major delivery month since February. Similar to gold, silver is showing a relatively weak delivery month with only 4,335 contracts delivered so far. Things in platinum could get very interesting. Platinum only has 4 major months a year (Ja...

Summary The average spread between the 10-year Treasury and the 30-year mortgage rate has averaged 1.7% since 1990 and now stands at 2.9%. Small and mid-cap stocks continue to look better technically than US large cap. The Russell 2000, S&P 600 and S&P 400 (midcap) index E...

Summary The relentless fall in gold inventories continued again in October. While the overall vault decrease has slowed somewhat, the fall in Registered (925k) has already exceeded the total in September (600k) and will more than likely eclipse June (942k). The story in silver...

Summary Similar to gold and silver, platinum has seen a much higher delivery volume since the pandemic struck in 2020. While platinum and gold continue to flash warning signs, the silver market has been (seemingly) left for dead. The data from Comex continues to point to a phy...

Summary Gold has rarely seen more shorts than longs over the past decade and is the only precious metal currently positioned net long (+22.29%). With a net 9.24% of open interest positioned short, that is the most pessimistic positioning reading since May 2019. As speculators ...

The destroyer of wealth, inflation, has arrived, vigorously ravaging savings and effectively reducing the purchasing power of money on a monthly basis. The impact of an aggressive monetary policy stance has driven the U.S. dollar to greater heights. Holding U.S. dollars, even at a...

In my opinion, JPMorgan is withdrawing from the precious metals market. This year the bank has significantly cut its physical gold and silver holdings at the COMEX. I also think that most recently JPMorgan has strongly reduced its trading activity at the gold futures market. T...

Disclosures at a trial offer insights into JPMorgan's position and profits from precious metals trading over the past years. An acquittal for a salesperson; the managing director and senior trader face stiff sentences as convicted felons. JPMorgan's board of directors - can they a...