Platinum deficit of 556 koz forecast in 2023, as strong demand growth outstrips constrained supply
CoinInvest Blog
by CoinInvest
7M ago
Press release: World Platinum Investment Council — London, 00.01 8 March 2023 The World Platinum Investment Council – WPIC® – today publishes its Platinum Quarterly for the fourth quarter of 2022, full year 2022, and a revised forecast for 2023. After two years of significant surpluses the platinum market is forecast to move to a material deficit ..read more
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Coininvest round-up Monday 6th February 2023
CoinInvest Blog
by Rhona O’Connell
7M ago
Strong U.S. labour figures throw gold into reverse. Once again it was all eyes on the United States in the gold and silver markets last week. The Federal Open Market Committee (FOMC) meeting concluded on Wednesday with a 25-point hike in the fed funds target rate, to 4.50-4.75%. This was much as expected, but what ..read more
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Coininvest round-up Monday 30th January 2023
CoinInvest Blog
by Rhona O’Connell
7M ago
Gold consolidating in new range; downward pressure on US inflation levels is fading. Gold has continued its period of price consolidation over the past week and has essentially been trading sideways in a range between $1,908 and $1,946 (intraday). While still in its uptrend, it is now dicing with the 10-day moving average and if ..read more
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Coininvest round-up Monday 16th January 2023
CoinInvest Blog
by Rhona O’Connell
7M ago
Gold pushes through $1,900 after the Golden Cross Gold, Silver, and the Ratio Last week we wrote as follows: – “It feels to us as if there has been some substantial pre-positioning by professional investors, possibly with a view to the U.S.’ rate cycle peaking this year (which may or may not happen – the ..read more
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Coininvest round-up Monday 9th January 2023
CoinInvest Blog
by Rhona O’Connell
7M ago
Wishing all our readers a very Happy, safe, and prosperous New Year Happy New Year! Since our most recent note, before Christmas, gold has moved up a gear and silver appear to be consolidating in its new higher range, which it established in the first half of December. As we write gold is assaulting $1,875 ..read more
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CoinInvest round-up Monday 19th December 2022
CoinInvest Blog
by Rhona O’Connell
7M ago
Bull case building for gold? It was all about the central banks last week, with 50 basis -point rate hikes coming from the Fed, the European Central Bank, and the Bank of England. They are all three coming from different points of view, with the European Central Bank taking a very hawkish tone, the Bank ..read more
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Coininvest round-up Tuesday 29th November 2022
CoinInvest Blog
by Rhona O’Connell
7M ago
Since we last wrote a fortnight ago, the dollar has remained largely on the back foot with the Minutes of the Federal open Market Committee (FOMC) implying that the December hike will be 50 basis points, compared with the most recent hikes of 75 basis points. While that is less aggressive than previously, what is ..read more
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Coininvest round-up Monday 14th November 2022
CoinInvest Blog
by Rhona O’Connell
7M ago
ETFs vs coins; an interesting struggle Background Gold and silver both put on a strong bullish performance last week as the dollar, after several months in the fast lane, juddered to a halt (if only temporarily) There is already some talk in the markets about how the long dollar-long yield trade may be coming to ..read more
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Coininvest round-up Monday 7th November 2022; slight confusion over Fed messages
CoinInvest Blog
by Rhona O’Connell
7M ago
Background We noted last week that disappointing US economic numbers had raised talk of a Fed pivot sooner rather than later and that the markets had reacted accordingly. The initial reaction to the Fed statement on Wednesday last week, following the Committee’s two-day meeting, saw gold spike higher and the dollar drop sharply, as it ..read more
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Coininvest round-up Monday 31st October 2022; all eyes on the Fed – again (still)
CoinInvest Blog
by Rhona O’Connell
7M ago
Disappointing US numbers last week and at the end of the previous week have raised talk of a Fed pivot sooner rather than later. When it comes to market sentiment, perception is everything so even if these suggestions are premature (which in our view they are), they will colour expectations regardless. As a result we ..read more
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