GoldNuggets Digest: gold fund flows, gold price correction risk, hours to buy an oz of gold, precious metals playing catch-up, gold miner breakout vs flows exodus...
Nice set of charts Callum. It's remarkable how terribly Platinum is performing. Given the tiny availability of above ground stocks, mostly held by Chinese auto companies, the significant supply deficit, and the fact it's priced barely at miner breakeven, it's hard to understand why it doesn't breakout.
my only guess is it's sandwiched between global recession vs resurgence risk... much like industrial metals and crude oil (albeit other things going on with crude too)
Nice set of charts Callum. It's remarkable how terribly Platinum is performing. Given the tiny availability of above ground stocks, mostly held by Chinese auto companies, the significant supply deficit, and the fact it's priced barely at miner breakeven, it's hard to understand why it doesn't breakout.
my only guess is it's sandwiched between global recession vs resurgence risk... much like industrial metals and crude oil (albeit other things going on with crude too)