I have 2 questions regarding the stockpile build which I would like to hear your opinion about.
1. How was it calculated? By merely subtracting outflows from inflows, meaning are we sure these stockpiles were never used for industry and still actually stockpiled?
2. The 2 large stockpiles can also play on the other side. G&R reported how China distributed part of its copper stockpile about a year ago. Although the geopolitical BRICS arena dictates stockpiling, that's a factor to take into account while being long Pt.
I guess it’s time to bust open the shipping containers, and ship the 7,500 Catalytic converters I’ve been saving for a rainy day. They love their paper, the metal itself, not so much!
Beware the counterfeit Platinum. LMFAO !
Maybe the BIS should issue another warning.
Can't believe that you would question a City of London banker.
Yeah, that bastion of virtue and integrity. What was I thinking ; )
When does Wiley Coyote look down?
Thanks for another timely article David ! This ain't boring.
Thanks David. Bloomberg wrote about the tightness as well.
https://finance.yahoo.com/news/platinum-crunch-comes-head-us-045406513.html
Hi David,
I have 2 questions regarding the stockpile build which I would like to hear your opinion about.
1. How was it calculated? By merely subtracting outflows from inflows, meaning are we sure these stockpiles were never used for industry and still actually stockpiled?
2. The 2 large stockpiles can also play on the other side. G&R reported how China distributed part of its copper stockpile about a year ago. Although the geopolitical BRICS arena dictates stockpiling, that's a factor to take into account while being long Pt.
Thanks,
Ran.
Awesome article David!
I guess it’s time to bust open the shipping containers, and ship the 7,500 Catalytic converters I’ve been saving for a rainy day. They love their paper, the metal itself, not so much!
Great article David, thanks. It would be interesting if a similar data analysis was available for Silver.