Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Platinum/gold spread widening

IMG Auteur
 
Published : January 28th, 2013
253 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

24hGold - Platinum/gold spread...The divergence between the bullish action in platinum and palladium and the bearish action in gold and silver continues. Palladium tore through its 12-month high last Friday like a hot knife through butter, while platinum widened its premium over gold. Gold continues to be pulled back towards $1,650, however, while silver is facing those oh-so familiar problems at besting $32, which has been acting like a magnet on silver for the best part of 18 months now.

Hedge fund money flows are what Dan Norcini highlights as the simple ingredient that gold and silver need in order to push higher. Until there’s an element of speculative buzz about these metals, we’ll continue to mark time. If you think times are tough for yellow metal holders though, spare a thought for mining equity owners: with the Philadelphia Gold & Silver Index (HUI) close to a monthly close (400) last seen in early 2006 – back when gold was trading under $600/oz.

We will see new price highs as the bullish indicators keep slowly piling up – like kindling in preparation for a fire. Friday brought news that China’s securities regulator has announced plans for the introduction of gold exchange-traded funds into the country. Yahoo.com describes this as “part of government efforts to boost the development of both the gold market and the capital market.” Gabriel Mueller discussed some of the dynamics behind this Chinese demand in more detail as part of his last article: “Central banks: flush with paper money; low on real money”.

Thanks to Goldmoney from www.goldmoney.com
Companies Mentionned : Metals X |
<< Previous article
Rate :Average :0 (0 vote)
>> Next article
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
41 Facts about Central Banks no ...
20 Decprljr
Common sense and logic dictate that if this was taught in schools it would not exist as it has these past 100 yrs. The monetary system is a CON a L...
41 Facts about Central Banks no ...
19 Decsamking73
I'm not sure that much was taught about the central banking system back when I was in school...25 + years ago. At least not the important parts.
Gold & Silver Market Morning
19 Decend
If you trade XAU/RUB and have bought XAU using RUB, you should have closed your position as he advised. Then you should have switched, buying gold ...
Muslim terrorism, the left and t...
19 DecFirebear1
All please understand this person was a Muslim,that was his believe! His character was that of a criminal as was shown by his action on the day and...
Napoleon vs. Cheney: "Interrogat...
18 Decwalmarde
Torture just put the moral line lower. Lets think about American exceptionalism. What we want ? we want to spread and defend that exceptio...
Napoleon vs. Cheney: "Interrogat...
18 Decwalmarde
Utilitarianism is bad philosphy. I'm also very disgust about torture. It will backfire in our face. We are now no better than ou...
Napoleon vs. Cheney: "Interrogat...
18 DecJosu O.5
I cannot overstate how important is that every american read this article. It's absolutely wonderful how you have summarized every aspect around to...
Muslim terrorism, the left and t...
18 Decend0
Does anyone still wonder why is Australia hotbed for second generation Muslim migrant radicalization? Does anyone still need an explanation on why ...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Comments closed
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.