Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

5huggy

Member
  • Posts

    5,363
  • Joined

  • Last visited

  • Days Won

    76
  • Trading Feedback

    100%
  • Country

    United Kingdom

Posts posted by 5huggy

  1. 6 minutes ago, Wonger said:

    Lets hope it does not go "MASSIVELY" down soon when Trillions of Debt defaults cause Currency supply destruction and Deflation! 😉

    NOW that's a VERY VALID point @Wonger - 👍

    but as you are no doubt aware - if that scenario presents and value falls sufficiently - it will ALREADY be a "BUY" signal for those with Currency aplenty - 

    So goes back up from "elites " purchasing 😉👍

    ALL IMHO! 👍

     

  2. Chaos in Gold Markets Ripples to Other Precious Metals

    By 

    Justina Vasquez

    2 July 2020, 22:10 BST Updated on 3 July 2020, 05:00 BST

    The chaos that engulfed the gold market in March as the global pandemic choked off physical trading routes is rippling through other precious metals, resulting in price dislocations and a surge in exchange inventories for silver and platinum.

    The gold market was thrown into turmoil in March as lockdowns grounded planes and closed refineries, leading traders to worry they wouldn’t be able to get gold to New York in time to deliver against futures contracts. That caused futures, which typically trade close to the London spot price, to soar to a premium, inflicting losses on banks that struggled to close arbitrage bets and spurring them to shift some positions out of New York futures.
    There are signs that the dynamic isn’t limited to gold. Silver and platinum futures have traded at elevated levels relative to spot metals since early April. And as in the case of gold, the premiums are spurring big increases in on-exchange inventories in New York.
×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use