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PGM News and Press, iPathA Series B Bloomberg Platinum Subindex Total Return ETN From 09/10/19

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Company Name: iPathA Series B Bloomberg Platinum Subindex Total Return ETN
Stock Symbol: PGM
Market: NYSE

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PGM - Platinum miners look to mediators amid mining union dispute

Sibanye-Stillwater (NYSE: SBGL ) and Anglo American Platinum ( OTCPK:ANGPY ) say they may bring in mediators to resolve a standoff with the South African platinum industry's largest labor union. More news on: Sibanye Gold Limited, Anglo American Platinum Limited, Impala Platinum Holdings...

PGM - Record-High Debt And Record-Low Yields Are A Boon For Gold

For the 2020 fiscal year, the federal budget deficit is expected to hit a massive $1 trillion - the first time in U.S. history that it will have expanded so rapidly in a time of peace and prosperity. The most recent estimate by the Congressional Budget Office puts total federal debt at a who...

PGM - Greg Weldon: Expect A 3+ Year Up-Move In Metals As Banks Counteract Debt Deflation

Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. Later in today’s program, we’ll hear a fascinating interview with Greg Weldon of Weldon Financial. Greg breaks down the recent move in silver, a move off of a breakout point he called spot on on this pr...

PGM - Silver Hits $19.50 - Platinum Nearing $1,000

Originally published on September 4, 2019 Wow, that was fast! Silver is on a winning streak, gaining against its richer cousin almost by the day. Last night's price action probed the area between $19.50 and $20.00 per ounce before falling back, putting our next target of $22.00 per ounce i...

PGM - Gold And Silver Investors Should Be Wary Of Trade Talk Optimism And Buy The Dip

Originally published September 5, 2019 The stock market is rallying and precious metals are correcting sharply today. The prevailing trade is risk-on once again. The prevailing trade is risk-on once again. The main driver is news that the U.S. and China said they would hold talks in Washin...

PGM - ETF Gold Holdings Approaching All-Time Highs

By SchiffGold Gold-backed ETFs added another 122 tons of gold globally in August and total holdings are nearing all-time highs. Total told ETF gold holdings have reached 2,733 tons. That’s just 52 tons away from the all-time high reached in 2012 when the price of gold was 9% high...

PGM - Barclays Announces Reductions of Minimum Early Redemption Size of Certain Commodity ETNs

Barclays Bank PLC (“Barclays” or the “Issuer”) announced a temporary reduction of the minimum early redemption size of certain series of ETNs as specified in the table below (together, the “ETNs”). Currently holders of the ETNs are required to redeem...

PGM - Palladium plunges amid 'bubble' concerns a week after setting record high

Palladium futures plummeted nearly $100/oz. in their sharpest one-day dollar decline in more than 19 years, retreating from a recent string of record settlements tied to an expected surge in auto industry demand. More news on: Anglo American plc, Anglo American plc ADR, Aberdeen Standar...

PGM - Palladium price soars to new record high

Palladium surges to an all-time high of $1,567.50/oz., as news that Russia's trade and industry ministry says it is considering a temporary ban on the export of precious metals scrap and tailings to promote domestic refining of the materials, adding to fears of a supply shortfall. More ...

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