Thanks Callum, I wonder when Platinum joins the party. The increase in holdings of inventory in COMEX vaults looks tiny, but for XPT it's enormous. With a large supply deficit and minimal above ground stocks, it seems only a question of time before it breaks out, and given it's illiquidty - and the fact it's been an ugly duckling for over a decade - it's move could be explosive. I'd lay odds both miners and auto companies have run down their inventory.
Callum- what seems apparent to me as a casual observer of money flows vis a vis opportunities. The macro economics of weaker US dollar supports gold overweight vs SP.
Thanks Callum, I wonder when Platinum joins the party. The increase in holdings of inventory in COMEX vaults looks tiny, but for XPT it's enormous. With a large supply deficit and minimal above ground stocks, it seems only a question of time before it breaks out, and given it's illiquidty - and the fact it's been an ugly duckling for over a decade - it's move could be explosive. I'd lay odds both miners and auto companies have run down their inventory.
Thanks Peter, great points, indeed -- could take a change in mood, or better global growth, but certainly one to watch!
Callum- what seems apparent to me as a casual observer of money flows vis a vis opportunities. The macro economics of weaker US dollar supports gold overweight vs SP.
Indeed, agreed, and the unwinding of the US Exceptionalism Bubble: https://x.com/Callum_Thomas/status/1899187779281789318