All Entries Tagged With: "preciousmetals"
Investing China’s Forex Reserves
The People’s Bank of China is considering the establishment of a new fund that would use the country’s $3 trillion in forex reserves to invest in something other than the dollar. One possibility being bandied about is that the country will use some of its reserves to purchase gold or silver or other commodities, reducing [...]
Seven Silver Miners Vs. Silver
Even though the silver rally paused in early March, a look at a silver chart shows the metal has almost doubled since last August. August was when Ben Bernanke gave that speech at Jackson Hole stating that the Fed was “prepared to provide additional monetary accommodation through unconventional measures if it proves necessary.” Coincidence? Maybe. [...]
Freeport McMoran: How Does It Trade Against Copper?
I forgot who was discussing it, but someone on CNBC’s Fast Money was suggesting that copper and gold miner Freeport McMoran (FCX) doesn’t seem to be trading well. After all, copper itself has surged to new highs, but as of February 9, Freeport is off more than 10% from the 2011 high of about $61 [...]
New US Palladium Coins? There Could Be a Long Wait
In a recent article on palladium, Sean Daly pointed to the American Eagle Palladium Coin Act (passed by Congress and signed by the President) as one reason why demand for the metal could increase. This bill, the love-child of Montana Rep. Dennis Rehberg, authorizes “the production of palladium bullion coins to provide affordable opportunities for [...]
Platinum vs. Palladium: Which Is The Best Autocatalyst?
Two recent articles on palladium and platinum discuss the usage of these metals as autocatalysts for reducing pollution. Sean Daly’s article on palladium suggests that growth in the automotive sector could be bullish for palladium. According to Avery Goodman, however, “in most cases, palladium is a far inferior substitute” for platinum. In my own article [...]
The 6-Cent Nickel: Gone By 2012?
Let’s say that you happen to have 375 pounds of copper and 125 pounds of nickel downstairs in your basement. The copper would be worth about $1,578 and the nickel would be worth about $1,388 – or a total of $2,968. Each U.S. nickel contains 3.75 grams of copper and 1.25 grams of nickel. So [...]
Mining Stock Support And Resistance: Platinum Group Metals
In a comment on my post about metal prices as potential support and resistance, WPSPIKER said in part: I’m by no means a god bug but also don’t see a lot of upside in Gold and limited upside in copper, Silver has some way to go and Platinum & palladium seems to be undervalued slightly [...]
Why Palladium Could Shine Brightly
Hubert Moolman’s look at the ratio between platinum and gold was interesting, but platinum is merely one of several elements in the periodic table known as the platinum group metals. The best known metal in this group (other than platinum) is probably palladium. And while platinum has tended to underperform relative to gold, palladium prices [...]
A “Penny For Your Thoughts?” Check The Copper Content First
If you have any old rolls of pennies around, you might want to dig them out and weigh them. Although copper has backed off a bit from its recent high of $4 per pound, US pennies minted before 1983 are actually worth a lot more than a penny – at least in terms of copper. [...]
WGC Believes Demand for Gold to Remain Strong
The World Gold Council has released its report on trends in the gold market, and the association believes that demand will remain strong through the rest of 2010. The report cites three main drivers for this optimism: 1) demand for jewellery in Asia; 2) increased demand from industry; and 3) “robust investment demand as a result [...]
