Never thought PMs would moon, see them as a savings account (& typical savings account interest %). However...... never seen PMs this weird either. It makes no sense, behaving paradoxically not rationally nor tethered to classic economic mechanics. It's almost like someone has their hand on the scale pushing it down. And then there's this one. Despite a squeeze, nickel dropped in price today -
Never thought PMs would moon, see them as a savings account (& typical savings account interest %). However...... never seen PMs this weird either. It makes no sense, behaving paradoxically not rationally nor tethered to classic economic mechanics. It's almost like someone has their hand on the scale pushing it down. And then there's this one. Despite a squeeze, nickel dropped in price today -
https://markets.businessinsider.com/news/commodities/london-metal-exchange-restart-nickel-trading-with-price-cap-2022-3