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Traded 1oz gold for 1.85oz of Platinum
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<p>[QUOTE="GoldFinger1969, post: 25845580, member: 73489"]<i>But is that going to happen ?</i></p><p><br /></p><p><b><span style="color: #ff0000">Palladium and platinum have definitely been hit by the sudden and unforseen rapid takeup in EV's in China. </span></b> This is a HUGE development for the largest ICE market in the world....we're not talking about an accelerated take-up, we're talking 50% of the entire market. Imagine that in the U.S.</p><p><br /></p><p>The CCP can madate something like that. We can't.</p><p><br /></p><p><b>This also has implications for oil prices....and you can see it in the lower price of oil even when all global growth cylinders are clicking.</b> If Russia/Ukraine ever ends...and if Iran starts exporting....you're looking at another glut and oil in the $50's.</p><p><br /></p><p>The inability of the WMG to be dragged up by the rise in gold is very bearish, IMO. I'll see if I can get some analysis by pros who track this daily.[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 25845580, member: 73489"][I]But is that going to happen ?[/I] [B][COLOR=#ff0000]Palladium and platinum have definitely been hit by the sudden and unforseen rapid takeup in EV's in China. [/COLOR][/B] This is a HUGE development for the largest ICE market in the world....we're not talking about an accelerated take-up, we're talking 50% of the entire market. Imagine that in the U.S. The CCP can madate something like that. We can't. [B]This also has implications for oil prices....and you can see it in the lower price of oil even when all global growth cylinders are clicking.[/B] If Russia/Ukraine ever ends...and if Iran starts exporting....you're looking at another glut and oil in the $50's. The inability of the WMG to be dragged up by the rise in gold is very bearish, IMO. I'll see if I can get some analysis by pros who track this daily.[/QUOTE]
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