Silver Is Being Manipulated, Platinum Is Not
NEW YORK ( Bullion Bulls Canada) -- Observant precious metals investors would have recently noticed a rare -- almost unheard of -- occurrence: A bullion market where prices actually respond to supply/demand fundamentals. No, obviously I'm not referring to either the gold or silver market, but rather the platinum market.
Analysis was provided by a
Specifically, the article noted that recycling in the platinum market had quadrupled over the last decade. Compounding that bearish supply factor, industrial demand has softened considerably, and even jewelry demand has been shown to be more price-sensitive than previously thought.
The combination of these factors has meant that platinum inventories are abundant, and with weak supply/demand fundamentals and abundant inventories, prices have floundered. The price of platinum is now trading below the price of gold (a very unusual situation).With a concrete example illustrating both supply/demand fundamentals and how markets are supposed to respond to those fundamental, the extreme/serial manipulation of the
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