George Gero
George Gero
incredibly knows platinum questions russia
Palladium and platinum are incredibly robust. There are questions about Russia's deliveries -- no one knows what Russia means.
buy call major opportunity people silver time
Every time we've had a major pullback, it's been what people would call an opportunity to buy on a dip, You're getting some bargain-hunting in silver and you're getting some bottom-picking in gold.
below class funds general large metals orders selling touched
The large funds are long metals of every class and there's been general selling today, which touched off stop-loss orders below the market.
few gold market safe sent stock yield
The inverted yield curve, which sent the stock market reeling yesterday, made gold one of the few safe havens.
gold moving people reasons seem
There doesn't seem to be an end to the reasons why people want to keep moving into the gold.
customers exchange oversight properly ran
They actually ran a very good, under CFTC oversight and under exchange oversight, futures business, where all customers were always properly margined.
course help investors looking money oil seem stock
It was triggered by the dollar, the yen, and of course the idea of $70 crude. (Higher) oil didn't help the stock market, so investors were looking for another place to put their money and they seem to be looking at the metals.
It was an unbelievable run-up. It was done pretty orderly.
coming fact follow funds gold ratio silver starting traders
Silver has new sponsorship. We are starting to see new funds coming into silver. Part of it has to do with the fact that a lot of traders who follow gold and silver think the silver/gold ratio was out of kilter.
gold good job less lively silver
Silver had been less lively than gold (before Wednesday), and now it's doing a pretty good job of a catch-up.
attracted momentum players volatility
Now you have momentum players and volatility players being attracted into the market.
adding commodity general highs increasing momentum positions power purchasing seems
It seems that general commodity highs are adding purchasing power to momentum players' funds, so they are increasing positions in the metals.
buying money
There also is a lot of option-related buying because everything is in the money now.
funds inflation investors oil seemed selling
Recently, funds who were selling oil also were selling the metals, but then everything seemed to change. Investors see that there are whiffs of inflation out there.