• 7 minutes Get First Access To The Oilprice App!
  • 11 minutes Japanese Refiners Load First Iran Oil Cargo Since U.S. Sanctions
  • 13 minutes Oil prices forecast
  • 17 minutes Renewables in US Set for Fast Growth
  • 2 hours Socialists want to exorcise the O&G demon by 2030
  • 18 hours Chinese FDI in U.S. Drops 90%: America's Clueless Tech Entrepreneurs
  • 17 hours Oceans "Under Fire" Of Plastic Trash
  • 1 day Is Natural Gas Renewable? I say yes it is.
  • 12 hours Cheermongering about O&G in 2019
  • 13 hours Good Marriage And Bad Divorce: Germany's Merkel Wants Britain and EU To Divorce On Good Terms
  • 2 days Making Fun of EV Owners: ICE-ing Trend?
  • 19 hours Duterte's New Madness: Philippine Senators Oppose President's Push To Lower Criminal Age To 9
  • 4 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 2 days Blame Oil Price or EVs for Car Market Crash? Auto Recession Has Started
  • 1 day North Sea Rocks Could Store Months Of Renewable Energy
  • 2 days Emissions from wear of brakes and tyres likely to be higher in supposedly clean vehicles, experts warn
  • 2 days Orphan Wells
Alt Text

Lithium Plunging As Chinese EV Production Slows

China’s electric car subsidy changes,…

Alt Text

Vanadium Spikes On New Chinese Regulations

A new regulatory measure in…

Alt Text

Peak Lithium Won’t Happen Anytime Soon

Peak lithium is not happening…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Trending Discussions

Follow the Platinum-Brick Road

Exciting couple of days on the market.

With the Dow having its worst intra-day drop ever yesterday, most of the commodities got trashed.

Over May 4 and 5, outstanding silver contracts on the NYMEX fell 3%. Copper contracts fell nearly 7% over the last three days.

Copper Contracts

Interestingly, gold held strong. Open interest actually jumped 2%. The support helped bullion break $1200/oz today.

Gold Contracts

Overseas, the action has been a little different. Gold contracts on the Tokyo Commodity Exchange plunged 5% yesterday.
In Japan it's been platinum that's held fast. Pt contracts have been on a tear since April 27, with open interest up 15%.

Platunim Contracts

Some of this strength may be related to platinum-backed ETFs recently introduced in Japan. Palladium, another recently "ETF-ized" commodity, has also been strong. With open interest up 10% over the last two weeks.

Platinum has traditionally been the investment metal of choice for the Japanese. If the current economic troubles persist, we'll see if they keep following the platinum-brick road.

Here's to the other gold.

By. Dave Forest of Notela Resources




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News