31 Jul 2024
Gold first broke above $2400/Oz on 17 May 2024. Staying above that threshold was not evident. It lasted for three trading days.
28 May 2024
The April article pointed to catalyzer metals losing their speculative premium. Palladium has been over three times more expensive than platinum after the former recovered rapidly after the dip during the Covid pandemy frenzy.
8 Apr 2024
About three years ago, the typical catalyzer metals Palladium and Rhodium reached their all time highs in the aftermath of the pandemic. Automobile producers had resumed production, but some mines had been idle because of a drop in demand during the pandemic. Inventories for Pd and Rh were at a historical time low.
31 Aug 2023
Demand for gold for jewelry tends to ease during summer. Jewelry producers and mints allow for their staff to take a summer break. Unless there is any other pent up demand, gold prices are usually weaker during summer.
Jun 29, 2023
For more than three years, palladium has been more expensive than gold. At best gold briefly reached parity. For one ounce of Rhodium you paid, at its peak price, more than tenfold the price of gold at that moment. Both anomalies have since disappeared. Is the speculative bubble of catalyzer precious metals deflating?
Oct 31, 2022
There is a lot of complaining going on about 'white precious metals'. In some cases producers are struggling to remain profitable, let alone to stay afloat. In other cases industrial consumers are trying to find ways to reduce the amount needed of those expensive metals having even multiplied in price.
Apr 10, 2021
This short article is addressing active posters of the Freegold Forum. Since that forum is bilingual English/Dutch (...)
Palladium scramble
Jan 17, 2020
Guess there is no better way to call this sudden price spike of palladium, the catalytic converter metal by excellence.
Palladium at almost twice the price of Platinum
Oct 26, 2019
By mid October it looked as if Palladium was rallying to twice the price of Platinum, with the price ratio hitting 1.974 at the Comex close on 16 Oct. Less than 2% to go ... Eventually it didn't happen.
Diverging trends
Nov 30, 2018
Precious metals in a downtrend over 2018 is a story of the more obvious. The failing gold rally early in the year, the breakdown of silver leading to a gold/silver ratio now over 86. Platinum is another horror story: longs were lured in a failing rally of this denser precious metal. Yet by mid August, platinum plunged to $767. Even during the four year gold bear market, platinum had not seen such price level.
Platinum scalp at the shorter's belt
July 8, 2018
White precious metals lagging gold
Despite gold selling off last few weeks, the damage among "white precious metals" has been worse.
The gold sell-off was discussed last week, as the yellow metal was nearing its December 2017 low, which it eventually equalled on July 2nd.
Gold bottoming at the December 2017 low
June 27, 2018
Unlike after previous FED rate hikes, precious metals don't quickly bounce up but continue their losing strike. A stronger USD is only part of the story.
End of the Palladium surge?
Jan 31, 2018
The Palladium price surpassed that of Platinum late September. Any precedent dates to the beginning of the century. Since October 10, Palladium has been more expensive than Platinum, widening the gap throughout the rest of 2017.
Euro-gold : a foreign perspective on the recent rally
Sept 9, 2017
There have been plenty of market comments on gold breaking above $1300/oz and holding on. Geo-political tensions on the North-Korean long-range missile launches and on nuclear tests - the last one with an H-bomb - predominated. As we write September, raising the debt ceiling is another tough issue, possibly propelling gold.
The precious metal recovery in January last year was led by gold, with the white precious metals - especially silver and platinum - following reluctantly. The idea of a more sluggish growth in China translated into expectations of lower demand for industrial metals. In January 2016, copper quoted at a decade low.
Platinum, Palladium and Silver relative to Gold
11 March 2016
The rejuvenated gold recovery quickly wipes all past hardship from our collective memories. Yet the yellow metal only bottomed on Dec 3, 2015. The 'white precious metals' continued weakening unabated thereafter until some-when in January 2016.
Metals not equally precious investments ...
August 11, 2014
While speculators are focusing on price changes of the metal of their choice to set up a trade, the long term investor is better off studying the price changes over the long haul and the relative price changes of one precious metal to another. It is most common to compare gold to any other precious metal through e.g. a Gold-to-Silver, or Gold-to-Platinum ratio. This tells you how many ounces of the second precious metal one ounce of gold would buy.
May 7, 2013
It’s often heard that gold takes the staircase up, but the elevator down. A gold rally would then consist in a gradual process of relatively small but consistent daily upward moves. The gold cartel ...
Jan 17, 2020
Guess there is no better way to call this sudden price spike of palladium, the catalytic converter metal by excellence.
Palladium at almost twice the price of Platinum
Oct 26, 2019
By mid October it looked as if Palladium was rallying to twice the price of Platinum, with the price ratio hitting 1.974 at the Comex close on 16 Oct. Less than 2% to go ... Eventually it didn't happen.
Diverging trends
Nov 30, 2018
Precious metals in a downtrend over 2018 is a story of the more obvious. The failing gold rally early in the year, the breakdown of silver leading to a gold/silver ratio now over 86. Platinum is another horror story: longs were lured in a failing rally of this denser precious metal. Yet by mid August, platinum plunged to $767. Even during the four year gold bear market, platinum had not seen such price level.
Platinum scalp at the shorter's belt
July 8, 2018
White precious metals lagging gold
Despite gold selling off last few weeks, the damage among "white precious metals" has been worse.
The gold sell-off was discussed last week, as the yellow metal was nearing its December 2017 low, which it eventually equalled on July 2nd.
Gold bottoming at the December 2017 low
June 27, 2018
Unlike after previous FED rate hikes, precious metals don't quickly bounce up but continue their losing strike. A stronger USD is only part of the story.
End of the Palladium surge?
Jan 31, 2018
The Palladium price surpassed that of Platinum late September. Any precedent dates to the beginning of the century. Since October 10, Palladium has been more expensive than Platinum, widening the gap throughout the rest of 2017.
Euro-gold : a foreign perspective on the recent rally
Sept 9, 2017
There have been plenty of market comments on gold breaking above $1300/oz and holding on. Geo-political tensions on the North-Korean long-range missile launches and on nuclear tests - the last one with an H-bomb - predominated. As we write September, raising the debt ceiling is another tough issue, possibly propelling gold.
A review of gold price volatility: 1973-2017
July 19, 2017
It’s often heard that gold takes the staircase up, but the elevator down. A gold rally would then consist in a gradual process of relatively small but consistent daily upward moves.
Is a 'Palladium - Platinum price inversion' in the cards?
June 15, 2017
A 'Palladium - Platinum price inversion' is it conceivable? Well, there has been a precedent:
Near the end of the 20th century, the days of cheap Palladium were numbered. Norilsk used to have ample Palladium supply after starting up its large Russian nickel mine.
A case for the 'white precious metals'
Jan 5, 2017July 19, 2017
It’s often heard that gold takes the staircase up, but the elevator down. A gold rally would then consist in a gradual process of relatively small but consistent daily upward moves.
Is a 'Palladium - Platinum price inversion' in the cards?
June 15, 2017
A 'Palladium - Platinum price inversion' is it conceivable? Well, there has been a precedent:
Near the end of the 20th century, the days of cheap Palladium were numbered. Norilsk used to have ample Palladium supply after starting up its large Russian nickel mine.
A case for the 'white precious metals'
The precious metal recovery in January last year was led by gold, with the white precious metals - especially silver and platinum - following reluctantly. The idea of a more sluggish growth in China translated into expectations of lower demand for industrial metals. In January 2016, copper quoted at a decade low.
Platinum, Palladium and Silver relative to Gold
11 March 2016
The rejuvenated gold recovery quickly wipes all past hardship from our collective memories. Yet the yellow metal only bottomed on Dec 3, 2015. The 'white precious metals' continued weakening unabated thereafter until some-when in January 2016.
September 29, 2015
From September until the end of the year is repeated over and over to be the seasonally strongest period of the year for precious metals. Such statistics however are averages and calculated standard errors are considerable. Yet we now face the fifth consecutive year with precious metals unable to uphold any gain during autumn. A worsening economic outlook for East-Asian economies keeps the lid on precious metals.
June 26, 2015
It’s often heard that gold takes the staircase up, but the elevator down. A gold rally would then consist in a gradual process of relatively small but consistent daily upward moves...
March 9, 2015
The decision of the London bank HSBC plc to close its gold vaults, as revealed by Andrew McGuire, has been the talk of the weekend. HSBC is the custodian of the SPDR Gold ETF - GLD. Last year GLD has transferred most of its gold to these vaults.
October 19, 2014
From September until the end of the year is repeated over and over to be the seasonally strongest period of the year for precious metals. Such statistics however are averages and calculated standard errors are considerable. Yet we now face the fourth consecutive year with gold selling off during autumn. Could we do any better investing in any other precious metal ?
Metals not equally precious investments ...
August 11, 2014
While speculators are focusing on price changes of the metal of their choice to set up a trade, the long term investor is better off studying the price changes over the long haul and the relative price changes of one precious metal to another. It is most common to compare gold to any other precious metal through e.g. a Gold-to-Silver, or Gold-to-Platinum ratio. This tells you how many ounces of the second precious metal one ounce of gold would buy.
May 14, 2014
There are plenty of technical indicators working very well for a short time frames: RSI, MACD ...
However when it comes to determining the relative strength over the long haul of the gold price, or that of any other precious metal or commodity, it is more useful to compare to the average of the preceding period. In the following article, a simple moving average over 250 days is chosen, since that generally coincides with the number of trading days in a year.
April 17, 2014
The majority of traders in precious metals futures probably aren't the geniuses the outside world takes them for. They do have more and better market information and statistics and consistently apply those sources of information, with the algorithms implemented on their trading platforms. They continue adding to their personal -or their company's- profits until proven wrong.
Gold Price Volatility: Real Swing still to come...The majority of traders in precious metals futures probably aren't the geniuses the outside world takes them for. They do have more and better market information and statistics and consistently apply those sources of information, with the algorithms implemented on their trading platforms. They continue adding to their personal -or their company's- profits until proven wrong.
October 23, 2013
The below graph shows the price of gold since the start of 2008, gold was about to break above $1000/oz for the first time in history. We all more or less remember what was to follow, but human memory is selective and often narrows down to the more recent events.
The stealth gold recovery rally
Monday, 22 July 2013
Ever since bottoming in the morning of June 28, gold has been hesitantly drifting higher. The short first week of July, with American and Canadian exchanges closed for the national day, the yellow metal lingered on, apparently challenging its June 28 bottom. Gold closed the short week down 1%, however without closing below $1200. Ever since we seem to experience a stealth gold recovery rally. Until this morning, $1300 seemed to be a firm resistance for gold. After a few failed attempts, we're now vigorously steaming up higher.
The below graph shows the price of gold since the start of 2008, gold was about to break above $1000/oz for the first time in history. We all more or less remember what was to follow, but human memory is selective and often narrows down to the more recent events.
The stealth gold recovery rally
Monday, 22 July 2013
Ever since bottoming in the morning of June 28, gold has been hesitantly drifting higher. The short first week of July, with American and Canadian exchanges closed for the national day, the yellow metal lingered on, apparently challenging its June 28 bottom. Gold closed the short week down 1%, however without closing below $1200. Ever since we seem to experience a stealth gold recovery rally. Until this morning, $1300 seemed to be a firm resistance for gold. After a few failed attempts, we're now vigorously steaming up higher.
May 7, 2013
It’s often heard that gold takes the staircase up, but the elevator down. A gold rally would then consist in a gradual process of relatively small but consistent daily upward moves. The gold cartel ...
Platinum group metals: a story of scarcity and industrial needs
Sep 26, 2011
Het future casino
Het volume aan termijncontracten (futures) overtreft vele malen de fysieke handel van producent tot verbruiker. Dit is zo voor graanproducten en sommige non-ferro metalen, maar goud...
Silver-gold ratio seen from a different perspective
http://gwyde.blogspot.com/2009/11/silver-gold-ratio-seen-from-different.html
Monday, 21 January 2013
Among precious metals, platinum deserves special attention because of several of its characteristics. Unlike gold or silver, platinum is an extremely hard metal, with high wear resistance. Alloying platinum with gold makes the alloy more malleable. Platinum is denser than gold and has with 21.45 g/cm³ over twice the density of silver. ...
Nov 12, 2012
The future casino
The futures volume traded exceeds the trade of physical products manyfold. This often is the case for soft commodities, crude and non-ferro metals. Yet precious metals really trump all. Many on-line trading platforms don’t even allow any physical settlement, reducing a future contract to a bet on the future price.
The sale and purchase of a gold future requires both seller (the ‘short’) and buyer (the ‘long’) to make a deposit, tying both to the contract.
Oct 12, 2012
From its 2012 bottom level to the $35 attained intraday, silver has rallied over 32%. This is almost the double of the mere 17% gold rallied from its $1537.5 bottom (LME fix) to an intraday close to $1800. Yet in a different perspective, gold is currently quoting at less than 10% below its all time high, while silver needs another 30% rally before coming close to its April 2011 peak level.
Among precious metals, platinum deserves special attention because of several of its characteristics. Unlike gold or silver, platinum is an extremely hard metal, with high wear resistance. Alloying platinum with gold makes the alloy more malleable. Platinum is denser than gold and has with 21.45 g/cm³ over twice the density of silver. ...
Nov 12, 2012
The future casino
The futures volume traded exceeds the trade of physical products manyfold. This often is the case for soft commodities, crude and non-ferro metals. Yet precious metals really trump all. Many on-line trading platforms don’t even allow any physical settlement, reducing a future contract to a bet on the future price.
The sale and purchase of a gold future requires both seller (the ‘short’) and buyer (the ‘long’) to make a deposit, tying both to the contract.
Oct 12, 2012
From its 2012 bottom level to the $35 attained intraday, silver has rallied over 32%. This is almost the double of the mere 17% gold rallied from its $1537.5 bottom (LME fix) to an intraday close to $1800. Yet in a different perspective, gold is currently quoting at less than 10% below its all time high, while silver needs another 30% rally before coming close to its April 2011 peak level.
Het future casino
Het volume aan termijncontracten (futures) overtreft vele malen de fysieke handel van producent tot verbruiker. Dit is zo voor graanproducten en sommige non-ferro metalen, maar goud...
Silver-gold ratio seen from a different perspective
http://gwyde.blogspot.com/2009/11/silver-gold-ratio-seen-from-different.html
No comments:
Post a Comment