In This Issue
Revisiting Southern Palladium on Better PGE Prices
Strangely enough the mining sector was hit hard on Thursday, being the last day of the month. There was no fundamental reason why, so maybe it was due to it being the last day. Sentiment actually improved a little over the week. That suggests the selling on Thursday was a technical move that had little impact on overall trends.
At the close of the week Trump's tariff shenanigans inspired a knee jerk reaction in overseas market with selling being the focus. At the same time the gold price rebounded strongly. There continues to be opportunities for traders.
Interestingly, the larger gold miners have been rather anaemic with a number of them breaching uptrends, notwithstanding that gold doesn't seem to be going south.
Platinum has been one the of the stronger commodities in 2025, for a number of reasons. One is the structural deficit in mine supply going forward with expectations of a 5% shrinkage anticipated. Another has been the less enthusiastic outlook for EVs and therefore larger demand for autocatalysts. Finally, there has been a renewed interest in platinum for jewellery. Platinum is back in favour.
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