Even though a relatively small portion of our intended metal buying audience purchases gold, silver, platinumor palladium for manufacturing, these precious metals love to shine their way through our metals market coverage.
Couldn’t resist a classic cliché there. Sorry. Or, you’re welcome.
Either way, one thing’s for sure – price volatility is the name of the game when it comes to these lustrous lads. (Did it again…)
What Precious Metals Prices Looked Like in 2014
MetalMiner Assistant Editor Jeff Yoders’ dissected Czar Putin’s metals machinations. He said:
“The Russian precious metals and gems repository said it will likely start buying palladium in 2015, according to Interfax news agency, citing the head of Gokhran, Andrey Yurin…does this have something to do with Putin’s recent comments that he won’t “kowtow to the dollar dictatorship?” and will, instead, trade Russia’s oil in the rapidly falling ruble and China’s still-healthy yuan?”
2. Gold and Silver: Told You So (#1)
Back in September, MetalMiner Lead Forecasting Analyst Raul de Frutos proved his recommendation not to buy gold or silver correct:
“Silver was trading sideways earlier this year, building support as the dollar weakened. Now that the dollar is strong again, silver is diving into its support level, and unless the dollar weakens, the arrow is pointing down for silver.”
3. Silver and Gold: Told You So (#2)
Raul’s latest look at these precious markets calls out an unexpected spike as short-term bargain hunting:
“Well, some are saying that they are up on safe-haven demand, on cautious comments from the US Federal Reserve or on on strong seasonal demand. It could honestly be anything and we don’t really care what’s driving these spikes.”
by Taras Berezowsky