See today's video: Lind-Waldock Strategist Jim Comiskey discusses the metals futures markets and a look at the trading day ahead. He said copper seems to have diverged from gold and silver, which still seem to be on a bullish track because investors "have lost faith in the system."
swing trading futures markets
{ 19 comments… read them below or add one }
@AgdrAgon999 S.A is the biggest supplier of Rh. Pd will be the big long range winner and also do very well in 2011. Pd is primarily Russia,,,well over half the production. They are running low. Consider Pd is 30 times rarer than Gd yet very widely used. Far more than the Auto industry. Also new Hydrogen tech and cold fusion absolutely requires Pd. Most aren’t looking at Pd except cat converters for auto. Far more than that, plus much new tech. Pd is rarer than Pt. You figure.
They flat out can’t raise interest rates in the USA due to the ridiculous amount of debt, so you know where the PM’s and commodities are going.
this is totally dollar bullish
stone. lol
I’m still thinking about getting some physical rhodium while it’s still cheap. I know it’s not really traded (although for how much longer?) but I was curious about what you thought about rhodium, Jim.
I’m still bullish on silver but I’m always looking to diversify. lol
I will say this: I wish that I had bought rhodium back in 1997.
@waldentree QE will not end. It can’t end. No one is buying our debt and other holders of out debt are net sellers now. Add in Japan now. If they go deflationary, the dollar will experience sudden death. Argue how you want. Facts always prevail with money.
Good to have you back Jim. Thanks for your thoughts and views.
Palladium is down $ 30.00 as we speak.. Silver up $ 43.15.. and Gold up $10.00.. lol..
@AgdrAgon999
I’m not real sure about the fundamentals for Rhodium. But I’m pretty sure South Africa
has a bit of a stranglehold on the physical…
@waldentree
Yet another example of the importance of using stops….
@syyenergy7 Don’t worry. End of QE will be enough to tip everything over the edge.
@MrJimcomiskey Stops are good and bad. In a strong bull market with lots of fast volatility they can work against a trader. Options may be better. But yeah, something to protect gains.
gold just dropped $10 in as many minutes…
@shawnski001 76… you were saying?
…and watch the BoJ
@waldentree
Lovin’ the sarcasm….
i guess the article sounded like folks might be getting fat n sassy…sorry, i had to write fat n sassy again…
I think that’s part of the allure, though. It’s the rarest of the rare (like 10x > Platinum) and is a byproduct of other mining which is done mostly in S.A.
That it went from $175/oz in 1997 to $10K/oz in 2008 almost on auto industry / catalytic converter use alone is enough to tell me that even just a small amount of institutional/investment demand would send it through the stratosphere.
I just thought I’d see what you knew. In this world, it’s never good to leave any stones unturned.
You spelled “bullshit” wrong…
@AgdrAgon999
You are correct Sir…
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