Out of the 5 instruments in the metals asset class, copper ended up ranking 2nd for the day in terms of price change relative to yesterday.
Or to view things another way, note that out of the past 10 days palladium’s price has gone down 7 them.
Platinum outperformed all 5 assets in the metals asset class since yesterday.
For additional context, note that price has gone up 5 out of the past 10 days.
Annual cash flows at $1,700+ based on production guidance not far from covering current market cap!
Dividends only suspended as a precaution in case covid-19 shut down mines.
On a relative basis, palladium was the worst performer out of all 5 of the assets in the metals asset class today.
Out of the 5 instruments in the metals asset class, platinum ended up ranking 3rd for the day in terms of price change relative to the previous day.
For another vantage point, consider that silver’s price has gone up 18 of the previous 30 trading days.
Can we infer that gold loan business goes up when gold prices go up and when there is economic crisis ?