russellclark
russellclark
russellclark avatar

russellclark

Sign up
Macro
Commodity
Forex

Hedge fund manager - specialising in macro trends and short selling

266Posts
113Comments
13%Best ROI
joined

Joined on 18th December 2025

russellclark
Jan 26, 2026Public Post
Is it time to lighten up on the precious metal trade? Very tricky question. The gold rally has been relatively orderly - but silver and platinum have been anything but. Oddly, shares outstanding in silver ETFs have not grown rapidly, suggesting that price movement is not as retail driven as I suspected. The other option is that central banks have decided to diversify from gold into "cheaper" options. Is possible, and if this is the case - then platinum still looks way to cheap. Historical platinum has traded at premium to gold, which leaves room for it to double again.
Is it time to lighten up on the precious metal trade? Very tricky question. The gold rally has been relatively orderly - but silver and platinum have been anything but. Oddly, shares outstanding in silver ETFs have not grown rapidly, suggesting that price movement is not as retail driven as I suspected. The other option is that central banks have decided to diversify from gold into "cheaper" options. Is possible, and if this is the case - then platinum still looks way to cheap. Historical platinum has traded at premium to gold, which leaves room for it to double again.Is it time to lighten up on the precious metal trade? Very tricky question. The gold rally has been relatively orderly - but silver and platinum have been anything but. Oddly, shares outstanding in silver ETFs have not grown rapidly, suggesting that price movement is not as retail driven as I suspected. The other option is that central banks have decided to diversify from gold into "cheaper" options. Is possible, and if this is the case - then platinum still looks way to cheap. Historical platinum has traded at premium to gold, which leaves room for it to double again.Is it time to lighten up on the precious metal trade? Very tricky question. The gold rally has been relatively orderly - but silver and platinum have been anything but. Oddly, shares outstanding in silver ETFs have not grown rapidly, suggesting that price movement is not as retail driven as I suspected. The other option is that central banks have decided to diversify from gold into "cheaper" options. Is possible, and if this is the case - then platinum still looks way to cheap. Historical platinum has traded at premium to gold, which leaves room for it to double again.