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Platinum Trades $1400+
Housekeeping: Good Morning.
“Comex is dying”
Topic:
* Howard Marks on the Logic of Free Trade
* Platinum's Turn
Market Analysis:
In a private letter to his fund investors this month, Howard Marks delivered a comprehensive critique of interventionist economic policy, emphasizing that efforts to override fundamental economic laws—such as supply and demand, incentives, and market pricing—tend to produce more harm than good.
* Continues in the Premium post: Howard Marks: The Logic of Free Trade
Platinum's Turn
Yesterday’s Market Rundown
In yesterday morning’s Premium Post Gold and Silver Outlook for 2025; we laid out why the Platinum rally would likely continue. One factor not properly processed by banks calling for it to be only temporary, in our opinion, was China demand. We continually hear of the high price of platinum and silver being detrimental to further Chinese demand. But we believe that is wrong.
Continuing from that analysis
The price of platinum and silver are not high. We believe the high price of gold is driving demand into the white metals by Asians seeing value.Certainly the banks are not long silver—we know this for sure. And many (most?) were short platinum before the face-ripping rally that just happened.
During the day we initiated a position and let subscribers know in a minipod
From that post: Trading wise, we put on a position. We got long platinum with the spot market trading 1338 for a reference point.
We will be taking off 2/3 of this trade today.
If you want to know more about the Platinum situation, our focused coverage started in March advising readers to keep an eye on the forgotten metal. In June alone GoldFix wrote 6 pieces extolling the virtues of Platinum. Here are the ones to read if you seek to get caught up on this delayed but increasingly strong move.
Related Posts:
Data on Deck: Powell and PCE
* MONDAY, JUNE 23 10:00 am Existing home sales
* TUESDAY, JUNE 24 10:00 am Fed Chair Powell testifies to House
* WEDNESDAY, JUNE 25 10:00 am New home sales
* THURSDAY, JUNE 26 10:00 am Pending home sales
* FRIDAY, JUNE 27 8:30 am PCE index
* Full calendar
Charts and Final Market Check
Platinum
This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit vblgoldfix.substack.com/subscribe
View all episodes
By VBLHousekeeping: Good Morning.
“Comex is dying”
Topic:
* Howard Marks on the Logic of Free Trade
* Platinum's Turn
Market Analysis:
In a private letter to his fund investors this month, Howard Marks delivered a comprehensive critique of interventionist economic policy, emphasizing that efforts to override fundamental economic laws—such as supply and demand, incentives, and market pricing—tend to produce more harm than good.
* Continues in the Premium post: Howard Marks: The Logic of Free Trade
Platinum's Turn
Yesterday’s Market Rundown
In yesterday morning’s Premium Post Gold and Silver Outlook for 2025; we laid out why the Platinum rally would likely continue. One factor not properly processed by banks calling for it to be only temporary, in our opinion, was China demand. We continually hear of the high price of platinum and silver being detrimental to further Chinese demand. But we believe that is wrong.
Continuing from that analysis
The price of platinum and silver are not high. We believe the high price of gold is driving demand into the white metals by Asians seeing value.Certainly the banks are not long silver—we know this for sure. And many (most?) were short platinum before the face-ripping rally that just happened.
During the day we initiated a position and let subscribers know in a minipod
From that post: Trading wise, we put on a position. We got long platinum with the spot market trading 1338 for a reference point.
We will be taking off 2/3 of this trade today.
If you want to know more about the Platinum situation, our focused coverage started in March advising readers to keep an eye on the forgotten metal. In June alone GoldFix wrote 6 pieces extolling the virtues of Platinum. Here are the ones to read if you seek to get caught up on this delayed but increasingly strong move.
Related Posts:
Data on Deck: Powell and PCE
* MONDAY, JUNE 23 10:00 am Existing home sales
* TUESDAY, JUNE 24 10:00 am Fed Chair Powell testifies to House
* WEDNESDAY, JUNE 25 10:00 am New home sales
* THURSDAY, JUNE 26 10:00 am Pending home sales
* FRIDAY, JUNE 27 8:30 am PCE index
* Full calendar
Charts and Final Market Check
Platinum
This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit vblgoldfix.substack.com/subscribe