GOLD 0.51% $1,391.7 gold futures

Gold stock sentiment indicator.Yesterday I referenced an article...

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    Gold stock sentiment indicator.

    Yesterday I referenced an article about the futures market in which some discrepancy was observed but not elaborated on.

    Here is another article that goes deeper into gold and silver disappearing from COMEX, apparently not through the usual channels.

    Poses some very interesting questions at the end.

    https://finance.yahoo.com/news/comex-gold-silver-futures-market-075448755.html

    Of course the BIS has been active and we can only guess at their intentions. Price control or functional stability?

    https://goldseek.com/article/robert-lambourne-bis-activity-gold-market-rose-again-august

    .

    Platinum is at bargain basement prices.

    Investment demand is surging.

    While there is a drop-off in demand from the vehicle sector, hydrogen fuel cell technology will easily pick up any excess – required as a catalyst.

    I am involved in the hydrogen sector and this space is set to forge ahead as the technology has matured and governments see it as an alternative to gas, solar and fossil liquid fuels.

    Platinum is expected to be in deficit in the order of 336 koz.

    The WPIC is a COMEX site and worth a visit. The article is from the usual banned site.

    https://www.*****.com/news/2020-09-08/Platinum-market-to-see-supply-deficit-of-336K-ounces-in-2020-WPIC.html

    WA could soon be a major producer of PGE’s.

    .

    The AstraZeneca trial is on hold after an adverse reaction – big news.

    .

    Last night there was a concerted effort to take down gold with the rest of the market.Failed.

    The strength in the sector is very comforting.

    This is confirmed by the sentiment indicator which continued to rise yesterday and is now above the 10 dma.

    I still want to see a high above 45% for confirmation but it looks like the sector is catching the safe-haven bid.

    What is unusual is the juniors appear to be leading the way.

    Here it is.

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    https://hotcopper.com.au/data/attachments/2456/2456701-feb170317cf4518b98478cf2997f57d3.jpg
    Last edited by Pointyfigures: 09/09/20
 
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