My view on direction of PMs v Currencies nearish to medium term15 Jun 2026 09:00
Best summarsied by my post on FRES sharechat board:-
"Squiffy,
By year end I expect to see AU/AG back to within sight of all time highs.....it could even be more spectacular. A lot of Western investors came out of physical in favour of ETFs for "security" and ability to "trade" faster. There is a backlog at refineries to process into mainly purer kilobars for Eastern demand, and also central bank "big" bars.
It would make sense for the western public to start buying again but I expect the next few months consolidation to put Investors off doing so....until they realise they have no choice later in the year!
In summary all good for investors to hug 'n hold and "buy the dips" ......but no good for traders / short term investors/ speculators......until Sept.
The journey to and then beyond all time PM highs will be purely down to public investor perception......could be spectacular over the next few years!
GLA"