Legal And Tender. Manic Metals Report 05/28/2025

Many people believe that these metal markets are something they’ve dreamed about for many years but now they are here, are you really focused on it.

Metal traders continue to experience significant volatility in gold, silver, platinum, and copper prices, with fluctuations occurring almost daily. This environment provides day traders with unique opportunities not seen for many years. Concurrently, while cryptocurrencies are gaining interest, metals are obtaining renewed respect in the global marketplace. We are keeping our clients young by trying to help them with their moves.

In a notable development, Florida has recently enacted legislation permitting gold and silver as legal tender. Governor Ron DeSantis signed the bill that allows Floridians to use precious metals for everyday transactions alongside traditional currencies. This means residents can use gold bars or silver coins to pay for groceries within Florida. The adoption of these alternative measures to the US dollar comes at a time when cryptocurrency is becoming increasingly accepted. It is conceivable that individuals may soon start paying their bills using crypto debited from a debit card.

According to Moore Research, from May 28th to June 20th, the August gold versus platinum spread has traditionally been a significant event. The strategy of buying one gold future versus two July platinum futures has been profitable in 14 out of the last 15 years, averaging a profit of $4,139. This spread is known for its volatility and is recommended only for investors with substantial financial resources. Given the recent significant movements in the platinum market, it will be interesting to observe how this trend unfolds this year.

Platinum has been diverging from its seasonal trend, as the World Platinum Investment Council reported that the platinum market is experiencing its third consecutive year of a trade deficit, with a shortfall of over 529,000 ounces projected for 2025. Meanwhile, production in South Africa, the world’s leading platinum producer, has declined due to inflation and lower prices.

Northam Platinum’s CEO stated that there is an irreversible decline in platinum production.

Additionally, Russia, another major producer, could face sanctions from the Trump administration, which may result in an export ban on both platinum and palladium, tightening global supplies further in response to President Trump’s stance on their conflict with Ukraine. Investment demand for platinum surged by 77% in 2024, driven by high gold prices, though it is expected to fall by 14% this year.

Platinum has played a significant role in the green energy transition, but with President Trump focusing more on fossil fuels, its demand for hydrogen fuel cells and electrolyzers has decreased. Furthermore, Trump’s proposed tariffs on Canadian and Mexican automotive imports have raised concerns about potential disruptions in supply chains. One of the recommended actions is to obtain my daily trade levels for consistent monitoring. Additionally, you may review our swing trade numbers throughout the day.

The shift to artificial intelligence is expected to cause a long-term copper supply deficit. However, short-term market volatility is driven by geopolitical concerns, the Chinese economy’s strength, and potential trade tensions between the United States and China. Environmental rules, higher costs, and interruptions in South American mining have caused a shortfall in global refined copper supply.  In April 2025, China’s copper stocks experienced a record decline.

Make sure that you stay tuned to the Fox Business Network & up to open a trading account with me today by calling 888-264-5665 or emailing me Pflynn@pricegroup.com