1184 days ago
Base metal prices are generally rather sensitive to the movement of the US Dollar. For metals such as nickel, iron and copper, this means that they often move in opposite directions. Over the last 12 months, the correlation between the 2 values was of -0.95.
1185 days ago
Both silver and platinum prices are supported by robust industrial demand. More than half of silver’s demand comes from industrial applications, such as in electrical and electronics, while a quarter of platinum’s supplies are used by the automotive industry (each catalytic converter uses 0.10 to 0.25 troy ounces of platinum, equivalent to $100-230 per vehicle at current prices). - John Baffes
1185 days ago
2018 and 2019 both saw over 330 million tons of annual industrial sand and gravel extractions, results that were never seen previously. Note that sand is not only used for construction work, but also other areas such as semiconductors manufacturing.
1185 days ago
Although markets in the short term are extremely frothy and subject to corrections, this could be the start of profit on the commodity side while many stocks are starting to feel a correction coming.
1185 days ago
The Van Eck Gold Miners (GDX) ETF moved higher by 6.9% yesterday, jumpstarting 2021 as it moves well above the 50 day moving average. Gold miners, GDX, was a laggard last year, and despite the fact gold was getting close to recent highs, GDX has not be willing to participate. Could GDX become a laggard play soon? Source: The Market Ear
