Thursday, February 11, 2016

Stock market and currency turmoil continues to drive safe haven investment

Stock market and currency turmoil continues to drive safe haven investment with a further 250 k oz of gold added to ETF holdings yesterday, bringing the global total to 50.5 mm oz.  Silver and platinum are benefiting from gold’s stellar performance but  the gold silver ratio has moved out to 79 and platinum continues to trade at a $272 discount to gold.   Palladium remains the laggard with only a 1% rally from yesterday’s close.
 

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