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Originally published January 22, 2020 Last week was big for platinum group metals (PGMs). Stricter emissions standards in China proved to be the catalyst for a huge move in palladium. Palladium and platinum are critical components of catalytic converters. Catalytic converters are the main ...
In this article, I focus on the inverted implied lease rate situation, signaling an ongoing deficit in physical supply almost daily, for years running, in gold and silver. Essentially, large physical supply is getting harder and harder to find for hedge funds, banks, central banks and broker...
Over 5,000 years ago, the first Egyptian Pharaoh Menes stated that two and one-half parts silver equal one-part gold. At that time, and throughout most of the history that followed, gold and silver have served as stores of wealth, currencies, and means of exchange. In modern times, since the...
By David Brady I am not here to go into the fundamental reasons why the futures market for Palladium has broken down. I recommend you review the work of David Jensen and Craig Hemke in that regard. They saw the breakdown months in advance. Instead, I analyzed the COT data for signs that th...
Silver is still in consolidation mode since early September, but could be close to a resolution. Below, is the chart of Silver: On the chart there appears to have formed some fractals. The current one has also broken out at the blue line in middle to late December of 2019, and is currently...
The bull market in gold and silver began in the early 2000s. After rising to highs of $1920.70 and $49.82 in 2011, both precious metals pulled back to lows of $1046.20 and $13.635 in December 2015. Gold and silver have been consolidating since reaching those lows. In June 2019, gold broke ou...
Recently I alluded to Auric Goldfinger, the villain from the James Bond movie. In the same piece, I mentioned "Goldmember" from "Austin Powers," a spoof of the Bond series. This week, providing a sense of the history of gold can give us a sense of just how significant the yellow metal has been...
Ever since the epic collapse from $50 in 2011, silver ( SLV ) prices have been lagging behind its precious metal counterpart, as gold ( GLD ) prices broke out to recover within 17% of all-time highs while silver remains stuck in a 5-year consolidation: Source: WingCapital Investments As ...
I have traded silver for the past four decades. The precious metal does an excellent job lulling market participants into a trance before the price makes a significant move. I learned a lot about the liquidity of the silver market in the mid-1990s when the price slipped below $5 per ounce. A...
Original Post By Stuart Burns We have covered the precious metals and palladium, in particular, a few times over recent months, not because we have suddenly become PGM investors (although looking at price performance, that would have been a fortunate move), but simply because they ar...
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NEW YORK , June 22, 2020 /PRNewswire/ -- Credit Suisse AG announced today its intention to delist and suspend further issuances of the following Exchange Traded Notes (the "ETNs"): Only the ETNs listed in the table above are affected by this announcement. For purpose...