Member Info for nimrod22

the large Silver price movements over the last 100 years vs the DOW; 1980 and 2011. It would appear that Silver has further to rise and outstrip shares even if they continue to rise.

https://www.heraeus.com/media/media/hpm/doc_hpm/precious_metal_update/en_6/Appraisal_20200803.pdf

https://moneyweek.com/investments/commodities/silver-and-other-precious-metals/601798/platinum-precious-metal-gold-silver-bull-market

On the Toronto market. IVN:TOR up over 100% since mid March. Ivanhoe Mines Ltd is a Canada-based mining company. The Company’s segments include the Platreef property, Kamoa Holding joint venture and Kipushi properties. The reportable segments are engaged in the development of mineral properties in South Africa; exploration and development of mineral properties through a joint venture in the Democratic Republic of Congo (DRC); and the upgrading of mining infrastructure and refurbishment of a mine in the DRC respectively. It is focused on three projects in Southern Africa: the development of new mines at the Kamoa-Kakula copper discovery in the Democratic Republic of Congo (DRC) and the Platreef platinum-palladium-nickel-copper-gold discovery in South Africa; and the redevelopment and upgrading of the Kipushi zinc-copper-germanium-silver mine, also in the DRC.

Silver 54%
Platinum 18.54%
Palladium 14.9%
Gold 15.44%

https://www.investing.com/analysis/a-generational-opportunity-in-commodities-200533157

https://www.professionaljeweller.com/platinum-now-far-better-value-than-gold-says-jeweller/

and bought more Platinum today.
https://www.miningweekly.com/article/platinum-continuing-to-attract-strong-investor-interest-wpic-2020-08-05

"Sylvania’s mind-blowing earnings upgrades
I suggested buying shares in Sylvania Platinum (SLP:54.5p), a cash-rich, fast-growing, low-cost South African producer and developer of platinum, palladium and rhodium, ahead of the £154m market capitalisation company’s interim results and earnings upgrades (‘Exploiting market anomalies’, 10 February 2020). The scale of them is mind blowing. Liberum Capital's net profit forecast for 12 months to 30 June 2020 is US$59m (£45m), or US$40m more than the house broker was forecasting last September; its net cash estimate of US$59m (16p a share) is US$9m more than I predicted in my February article, and is almost treble the US$21m cash pile in June 2019; and dividend per share estimates of 15.3¢ (11.8p) for the 2019/20 financial year, rising to 20.8¢ (16p) the year after, equate to 56 per cent of the current share price. Strip out the cash pile, and Sylvania’s shares are valued on 2.4 times Liberum’s current year EPS forecasts of 21¢ (16p), falling to 1.2 times the broker’s 2020/21 EPS estimate of 26¢ (20p) after adjusting for June 2021 estimated net cash of $111m (30p a share).
Aim-traded shares have almost quadrupled in value since I included them, at 14.5p, in my market-beating 2018 Bargain Shares portfolio. Offering 65 per cent further upside to my new target price of 90p, last week’s pull-back is a buying opportunity.

up in dollars over the last month and rising: -
Palladium 11.49%
Platinum 10.46%
Silver 42.81%
Gold 13%

The upshot is that allowing for some outliers, such as orange juice, commodities in general are in a decent place. Both uranium and rhodium had outperformed orange juice; in fact, rhodium was more than 30% stronger in price and off an already elevated base.
South Africa’s PGM production is expected to operate at 90% for the second half of the year, a level that supports continued strong free cash flow generation since the rand-denominated basket price is 60% above cost curve support, said RMB Morgan Stanley.

https://stocknews.com/news/gld-pall-plpt-sbsw-plg-amrk-will-platinum-and-palladium-follow-gold-to-new-highs/

https://www.cfdtrading.com/platinum-xptusd-down-21-53-on-4-hour-chart-entered-today-up-0-47-in-an-uptrend-over-past-30-days/149196/

Major Chinese banks have taken measures to prevent customers from buying gold, platinum, palladium, and other precious metal-related products through them. The Shanghai Gold Exchange also says it may take necessary measures to curb gold trading to “protect investors.”
Chinese Banks and Regulators to ‘Cool Gold Rush’
Chinese regulators and major banks are taking measures to curb the trading of gold and other precious metals by investors in order “to cool [the] gold rush,” Reuters reported Wednesday. Gold prices hit record highs this week as investors look for safe-haven assets amid worries of rising coronavirus cases, the sinking U.S. dollar, low-interest rates, and increasing tension between the U.S. and China.
Starting Friday, the Industrial and Commercial Bank of China (ICBC), the country’s biggest lender, has barred customers from opening new trading positions for platinum, palladium and index products linked to precious metals. For ICBC, precious metals include gold, silver, palladium, platinum. Transactions can be made in various currencies, including the RMB and U.S. dollars. A reporter called the bank to inquire about the reason for this prohibition. The bank’s customer service said it was for the safety and protection of customers due to heavy price fluctuations of these assets recently and “the need to control risks.”
Two other Big Four Chinese banks have made a similar move. Agricultural Bank of China said it recently suspended new gold-related businesses. Meanwhile, Bank of China (BOC) said it has halted new account openings for platinum and palladium trading.

https://finvids.com/Chart-Pattern/Rounding-Top-Bottom/

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/south-african-miners-depending-on-stockpiles-amid-site-disruptions-from-covid-19-59624849

https://platinuminvestment.com/investment-research/perspectives

https://platinuminvestment.com/files/sixtysecs/WPIC_60seconds_Automotivedemand_07302020.pdf

"A bowl that has been forming over a period of years has a much better chance of success than a bowl over a few weeks – the longer the time frame the more likely the buying is for a step change in the company’s prospects and fundamentals." Above from Michael Taylor.

The Bowl Pattern Breakout by Sharon Yamanaka
http://premium.working-money.com/wm/display.asp?art=626

"The bowl pattern is exactly what it sounds like -- a rounded pattern that gives a buy signal when the stock price exceeds the lip of the "bowl." The breakout should occur on high volume, at least doubling the low volume from the dip. This pattern typically takes a long time, six months to a year, to develop and once the breakout occurs, the stock should rise to the equivalent of the price from the bottom to the "lip" of the bowl"