Dona Ferentes
Did the Thessalonians write back?
- Joined
- 11 January 2016
- Posts
- 20,124
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- 27,760
half terms ?
half terms ?My apologies, 160 + weeks left in Trump's term not 42.
gg
Someone has made a public counter.My apologies, 160 + weeks left in Trump's term not 42.
gg
Should you wish for a pennant @Sean K look no further than the POG. It has to break out soon.
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gg
I stayed up trading on the NASDAQ last night/this morning and I believe that move may have been related to a rumour that Trump was about to sack Powell, the head of the Fed. It looked imminent probably engineered by Trump. At the last minute he got the press together and told them Powell was staying. Maybe he hoped he would resign. It affected everything from the AUD/USD to all the currencies particularly USD/JPY. Quite an exciting time with everyone going off as if it was going to happen.
Forecasts. Smorecasts. I'm sick of them. Let me see the money.Golds on the move. Analysed say Bullish in the longer term?
Gold holds steady as forecasts soar past US$3,700
Gold has steadied after its meteoric rise in 2025, trading at US$3,340 on Thursday, up >26% year-to-date. The safe haven touched a record high of US$3,500 in late April, and analysts say further gains are likely.themarketbull.com.au
Only one more three to go @Sean K as the arborist said to the bishop.Looks like we might be going to have another crack at $3450.
Three months of consolidation might form a decent base to launch off if it breaks through.
Even so, if it keeps consolidating over $3K unhedged gold miners will be making a mint at these levels.
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Figure 1 - Global Platinum and Palladium ETF Metal Holdings; source: Heraeus Precious MetalsIt appears that globally, platinum ETFs are being raided for bar delivery as a secondary source to the illiquid London platinum cash market.
For while the London market has ample liquidity of paper notes for bar delivery, the spiking lease rate tells us that there is a severe shortage of platinum bars to actually fulfill the promissory notes issued there.
Figure 2 - London Silver Vault Holdings at June 30, 2025; source: GoldChartsRUs.com/LBMAThere are 7,613 tonnes (245M oz.) of silver in London vaults that isn’t owned by ETFs. Much of this remainder is privately owned and not available to market.
Given the current silver lease rate spike that is occurring in London despite these holdings, it is likely that far less than 155M oz. of physical silver bars can be freely obtained from London against the sea of paper cash claims there.
Does this mean the ETF's are effectively failing to back their own position with physical metals?those attempting to secure delivery of this strategic metal have started to raid Exchange Traded Funds
My understanding is some ETF's allow redemptions but require a threshold holding.Does this mean the ETF's are effectively failing to back their own position with physical metals?
Eg that an ETF had (for simplicity) 100 "paper" units in existence owned by investors, backed by 100 units of physical metal in a vault, but is now backing that 100 units owned by investors with something less than 100 physical units in the vault?
Or am I misunderstanding that?
May I ask you to elaborate on that @qldfrogRelevant for Australia only.
Since an ounce of gold here is above $5000 AUD, i believe any physical gold purchase..or sale can no longer be anonymous.
Not happy about that but not unhappy with the rise
When i last bought 2 ounces, at a physical gold seller and provider of physical storage..aka safe
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