Nothing has changed...The fundamentals for owning precious metals are still in tack! This is the PERFECT example as to why you should always have 35% of your portfolio in cash...For EXCELLENT buying opportunities like this!
platinum...I think your response is way out of the zone of reality....your logic only makes sense if the commercial shorts have held on to very large short positions for many years (when the price was at these levels before). Urban myth...imo (the JPM saga that never dies :)
don't believe it myself...but if you have any credible evidence...I would sure like to be educated.
Commercials are getting out of their shorts. They have a billion ounces short they need a big sell off to cover their shorts. Commercials are the largest bullion banks. They always win. But now they are getting long. and covering their shorts as we speak.