Platinum group metals are also softer, although less dramatically so, on the New York Mercantile Exchange.
FORBES: Industrial Metals Tumble After Soft Chinese Data; Gold Up As Equities Slide
Only in the platinum group metals, where speculators shed bullish positions, was the activity as expected.
FORBES: FOCUS: Mixed Speculative Activity Seen In CFTC Data Following Metals Price Break
The weaker price action in the platinum group metals led to speculators cutting bullish exposure.
FORBES: FOCUS: Speculators' Net-Long Position In Gold Rebounds Temporarily - CFTC
Activity by speculators showed an overall reduction in net long positions for the platinum group metals.
FORBES: FOCUS: Falling Prices Push Speculators To Cut Bullish Metals Positions -CFTC
Platinum group metals, used for auto catalysts, also tumbled on the New York Mercantile Exchange.
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Managed-money accounts in the platinum group metals increased their net-long position in both platinum and palladium.
FORBES: FOCUS: Speculators Increase Gold Net-Long Positions --CFTC
Platinum Group Metals Ltd. shares are currently trading off about 9.5% on the day.
In the platinum group metals, funds increased their net-long positions in both platinum and palladium.
FORBES: FOCUS: Speculators Start Buying Precious Metals Futures, Options Again -CFTC
Speculators added to net-long positions in the platinum group metals for a second week.
FORBES: FOCUS: Speculators' Net-Long Gold Position Rises - CFTC
That would be supportive for industrial metals like silver, the platinum group metals and copper.
FORBES: METALS OUTLOOK: Weaker Outlook For Gold Prices Likely
Meanwhile, the net length continued to decline for silver and the platinum group metals.
FORBES: Fund Net Length Stabilizes In Gold, Continues Falling For Other Precious Metals
Speculative positions in the platinum group metals fell somewhat, while action in copper was mixed.
FORBES: Speculators Slash Gold, Silver Futures, Options Positions -- CFTC
Class M asteroids are composed of iron with large amounts of nickel, cobalt, and platinum group metals.
Likewise, Chinese demand for platinum group metals would be underpinned if easing were to occur, Melek said.
FORBES: Chinese Data Sends Some Base, Precious Metals To Highest Levels In More Than A Month
Their moves in platinum group metals were more solid as the gains came from new bullish positions.
FORBES: FOCUS: Speculators Increase Gold Net-Long Positions --CFTC
Speculative positions in the platinum group metals eased lower, while speculators increased their net-short position in copper.
FORBES: FOCUS: Speculators Exit Bullish Precious Metals Futures, Options Positions -- CFTC
Platinum group metals are also among the more thinly traded commodities, which can mean exaggerated price moves.
FORBES: Platinum Group Metals Tumble As South African Labor Issues Resolved
In the platinum group metals disaggregated report, speculators boosted their net long positions for both platinum and palladium.
FORBES: FOCUS: Speculators Return As Gold Buyers -- CFTC Data
The platinum group metals saw a slight rebound, but continue to underperform other parts of the precious-metals complex.
Rises in net long positioning by speculative traders were also seen in silver and the platinum group metals.
Activity in the disaggregated report for the platinum group metals showed speculators trimming back exposure to the white metals.
FORBES: FOCUS: Speculators Pick Up Gold, Shed Other Precious Metals In CFTC Data
This is typical of the many physically backed ETFs already in existence for gold, silver and platinum group metals.
FORBES: FOCUS: Proposed Van Eck Gold, Silver ETFs Would Allow Redemptions Of Metal
Speculators sliced net-long positions in the platinum group metals as they cut gross longs and added to gross shorts.
FORBES: Speculators Increase Bullish Gold, Silver Positions, Cut PGMs -- CFTC Data
The losses in the platinum group metals and copper inspired exiting of long positions, as seen in the data.
FORBES: Speculators Increase Bullish Gold, Silver Positions, Cut PGMs -- CFTC Data
In the platinum group metals, speculative activity was mixed in the disaggregated report.
FORBES: FOCUS: Speculative Buyers Mostly Return To Precious Metals -CFTC
Silver showed strong price gains and its rally was somewhat overshadowed by the rally in the platinum group metals.
FORBES: METALS OUTLOOK: Gold Likely To Test Lower End Of Range
Interest exploded, with new ETFs also created for silver and platinum group metals, and some including a combination of metals.
FORBES: INTERVIEW: Founder Of First Gold ETF Surprised At Growth Of Product, Expects More
Investors seem to be taking a new look at the platinum group metals, which rallied in January with other commodities.
FORBES: METALS OUTLOOK: Gold Prices Could Correct Next Week, But Trend Remains Up
Rhodium, platinum and palladium are part of the platinum group metals (PGMs), primarily used to manufacture automobile emission control devices.
FORBES: Rhodium Inches Higher on News of Emerging Investment Products
Managed-money accounts in the platinum group metals saw their net-long position dwindle as they added to shorts and cut longs.
FORBES: FOCUS: Speculators Continue To Cut Metals Positions Across The Board -- CFTC
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