Many COMMODITIES are in low supply, COPPER 3days supply plus daily production, nickel down from 500 thousand tonnes 2 years ago to under 70 thousand tonnes ATM. Also COBALT ,ALUMINUM, MAGNESIUM,ZINC just about everything is running low , if demand for physical commodities grows and the supply chain and production snags, one could imagine any sudden change in demand will send prices surging and destroy foney futures/ derivatives market fully exposing the lack of stock available and sending prices soaring.
Take PALADIUM for example ,manipulated for 20 years at a price between $300 &$600.00, supply dropped and became critical, price surges to over $3000.00 USD.
What will happen if the precious metals market is exposed with derivatives at 100 to 1 for GOLD & 500 to 1 for SILVER.
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Last
1.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $28.05M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.0¢ | $52.56K | 4.842M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 6564455 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 900000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 6464455 | 0.010 |
11 | 9897909 | 0.009 |
4 | 2275000 | 0.008 |
4 | 971071 | 0.007 |
3 | 2485000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 900000 | 1 |
0.012 | 8584369 | 17 |
0.013 | 4028989 | 13 |
0.014 | 4880000 | 6 |
0.015 | 2018682 | 4 |
Last trade - 14.18pm 15/11/2024 (20 minute delay) ? |
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Will Souter, CFO
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