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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