If you have been studying commodity markets, financial markets, or perhaps even buying bullion, the chances are high you will have come across the acronym NYMEX. Here we discuss what is the New York Mercantile Exchange (NYMEX), its history, and relevance, especially to Platinum bullion and Palladium bullion prices here at SD Bullion and beyond. Put the past two centuries aside for the USA for a moment and take a longer view. Formal futures contract markets have been active for many millennia (dating as far back as The Code of Hammurabi). The original intention of futures contracts was to give the producers of ... (full story)