Spot prices

Westminster Mint provides free real time price quotes on gold, silver, platinum and palladium. People interested in the precious metals market can follow the prices and see trends develop 24/7 on the world market by using our free current and historic price charts and graphs. Track your holding and measure how you are performing against other commodities and stock market indexes such as the Dow Jones, S&P 500, S&P Euro currency, Crude Oil and the U.S. Dollar. You get access to exactly what you need to know-when you need to know free and in real time.

Monday, October 3, 2016

Platinum is the leader today but not in a good way.

Platinum is the leader today but not in a good way. The National Union of Mineworkers (NUM) signed a 2- year wage agreement with Impala Platinum Limited (Refineries) ending the threat of strike that was hanging around in the background. That news along with slipping auto sales numbers out of the USA put a damper on the prospect of higher prices for this white metals and selling began. AT first it seemed like the whole group was going to falter. Then the very weak Construction Spending data came out -.7% and the previous month revised downward as well which added concern of continued weakness showing in the US economy. This has supported gold and silver tagged along for an albeit small recovery form the day’s lows. The news today was not good for the platinum group metals. But even worse the fact that it hit during Rosh Hashanah while many of our many colleagues are out celebrating has caused extreme moves during this time of lower liquidity. It seems to this observer that todays move just may be a little overdone.