I talking with POD:ASX MD near on couple years ago ..he had just got back from a SA PGM conference ..I recall him explaining how COVID+EV push had seen a major growth in PGM stockpiles along with Russian selling down stockpiles to fund war machine ...he stated all the PGM experts where talking of around late 2025 and certainly into 2026 as being time that PGM prices should see some growth and excess stockpiles would be well exhausted ... well looking like it was the correct call back in 2023
The tweet from asymmetry is really good. He left out one aspect that i think is important: from those who have no great future (like social science students), many seek for jobs in NGOs and other forms of corruption-machines and they have formed shadow governments already, eating "democracys" from withhin. And they actively play the old divide-and-conquer game on us. Those people bloat up beaucracy too, a self reinforcing time bomb. In terms of Costs and, in the End, totalitarism
In the U.S. it seems part of that is actively fought by Trump - could be all show -. In Europe it just gets worse.
Great work, Ferg.
I talking with POD:ASX MD near on couple years ago ..he had just got back from a SA PGM conference ..I recall him explaining how COVID+EV push had seen a major growth in PGM stockpiles along with Russian selling down stockpiles to fund war machine ...he stated all the PGM experts where talking of around late 2025 and certainly into 2026 as being time that PGM prices should see some growth and excess stockpiles would be well exhausted ... well looking like it was the correct call back in 2023
The tweet from asymmetry is really good. He left out one aspect that i think is important: from those who have no great future (like social science students), many seek for jobs in NGOs and other forms of corruption-machines and they have formed shadow governments already, eating "democracys" from withhin. And they actively play the old divide-and-conquer game on us. Those people bloat up beaucracy too, a self reinforcing time bomb. In terms of Costs and, in the End, totalitarism
In the U.S. it seems part of that is actively fought by Trump - could be all show -. In Europe it just gets worse.
thanks for the blog... couple of random comments:
1) the platinum vs gold chart is price not value... wonder how value of the commodities relate and how should they relate (should they at all?)
2) no need to ponder the IEA, they, like many "scientists" these days are political activists, not serious analysts...
Hi Ferg, thoughts on Palladium enjoying the same moves ?