Outlook for PGM’s brightens

  • Posted by Allan Lederman
  • On January 27, 2016
  • 0 Comments
Here are the reasons: Ridiculous oversold conditions, bargain basement prices China is not dead, the world economy is still demanding goods and services Dire situation of the mining sector The main driver of low prices, the weak rand , will reverse as inflation takes hold in SA and the CB raises rates. This should boost […]
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Oil cartel buckles, are PGM’s next?

  • Posted by Allan Lederman
  • On January 26, 2016
  • 0 Comments
After another head fake in the oil market today below $30, oil isback at $32. Not exactly a bull market, but enough to scare the shorts. Rumblings of efforts within OPEC to shore up the oil price provided the boost. This begs the question: can similar sentiment propel PGM’s out of their funk? The South […]
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Gold – Platinum spread volatile

  • Posted by Allan Lederman
  • On January 22, 2016
  • 0 Comments
After moving from -220 to -170 at the end of 2015 the gold-platinum spread  blew out to -280 only a few days ago. It narrowed to around -260 today, which may or may not prove significant. This spread is way oversold & we stand by the forecast that the narrowing of this spread will be one […]
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Melt up in metals overdue: Can the downtrend be broken?

  • Posted by Allan Lederman
  • On January 13, 2016
  • 0 Comments
After close to 4 yearsof persistent downtrend, can precious metals be ready to stabilize, wipe out the shorts and acheive price stability? A difficult question indeed. It is hard to believe that with the addition of 2.5 billion consumers on the world stage (China & India) that demand should be so muted. This situation will […]
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Metals catch bid: dead cat bounce or consolidation?

  • Posted by Allan Lederman
  • On January 13, 2016
  • 0 Comments
Starting with palladium metals were bid today, gold a notable laggard. Oversold conditions, apathy and  generally soft demand contributing to the recent malaise. The retreat of gold signals a relaxation of scared money and a resumption of flows into industrials. Look for confirmation of this trend with the participation of rhodium, a notable dog of […]
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Gold blows past platinum

  • Posted by Allan Lederman
  • On January 12, 2016
  • 0 Comments
Reversing late 2015 ‘s trend of platinum narrowing the gold-platinum spread , gold climbed to +250 over platinum and is holding for now. we expect this is the outer limit of the spread and should narrow shortly. To what is anyone’s guess, however 200-220 is reasonable. for those speculating on this spread the move from […]
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Ruthenium: Dead dog or sleeping giant?

  • Posted by Allan Lederman
  • On January 3, 2016
  • 0 Comments
After hitting $850 in 2007 ruthenium has been a dismal performer, especially in the last 2 years. $80 looked cheap, only to see a decline to $42, where it currently sits. Application driven, ruthenium is an outlier for speculators. Pros: price is absurdly cheap, promoting new applications. Cons: South African mines are in a death […]
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