I just read from a post its China that is buying too as Gold is currently too pricey. Maybe they just want to get any commodities they can get their hands on. Especially those that are being suppressed by the west.
I read the same thing, with the justification being that there is a spike in interest among people there for jewellery fashioned from platinum rather than gold. Not sure I believe that narrative. I think there is so much liquidity out there fleeing equities and more specifically fixed income/debt, that "smart money" (perhaps an oxymoron?) is looking anyplace they can find hard assets and commodities they view as undervalued. The race is on for "investments you can hold" with minimal counter-party risk.
I just read from a post its China that is buying too as Gold is currently too pricey. Maybe they just want to get any commodities they can get their hands on. Especially those that are being suppressed by the west.
I read the same thing, with the justification being that there is a spike in interest among people there for jewellery fashioned from platinum rather than gold. Not sure I believe that narrative. I think there is so much liquidity out there fleeing equities and more specifically fixed income/debt, that "smart money" (perhaps an oxymoron?) is looking anyplace they can find hard assets and commodities they view as undervalued. The race is on for "investments you can hold" with minimal counter-party risk.
When in doubt, China, China, China.
David I'm working in the shipping industry and many Vessel owners are changing their Vessel Flag from Hong Kong to Marshall Island.
Interesting. Shell games.
So, open interest = 10x stockpiles, almost to the ounce - is my math right?
This is fine. What could possibly go wrong ?
👍
David, just looking at this chart.......increasing volume seems to coincide with a pricedecline. I hope I am wrong.
For a time, it does.
It also coincides with market disruption.