Palladium down another $114 as I type to $1316 bid.
More than a $250/ounce drop in one week is even steeper down than the major run-up. Classic bubble pop.
I sure hope the Mint did not buy their blanks yet for the 2019 RP's or they will probably have a big loss if not really well hedged. Rhodium down $275/ounce today alone! Silver back below $15/ounce.
Really unusual drops in all metals, especially considering lower interest rates.
Wow I remember this one, me and Miles where nut. 😉😃 we did good on this one I think I still have some around here. I just bought two on the price drop from the mint.
Comments
Another record close. Up $27. Half way to $1,600
For a minute there I thought I was seeing double.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
Testing $1600......hmmm, I love the smell of melting palladium in the morning.
Another ## UP day. + $12 closing at bid $1,571, ask $1,596. Ask is tickling $1,600.
A small gain today, $7.00. Ask goes over $1,600 for the first time. $22 more for bid to break that barrier.
Another $5 gain, another record close.
Anyone who was waiting for Palladium to hit 1600 will be in for a really long wait.
By the time the 2019's are for sale it might actually be affordable again based on what is happening today. LOL.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
Currently down $94. Buy the dips, sell the peaks HaHa
I think we just saw peak palladium last week. Probably the all time record peak.
Electric cars and trucks gathering momentum, especially in Europe. Plus a couple new palladium mines opening up soon, just in time for the crash...
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
I would continue to bet against the long term performance of palladium, and especially at the current level.
Well, just Love coins, period.
I was hoping it would hit $2000, just to test the mettle of the Pd Eagle enthusiasts.
I'm hoping for a huge crash before the 2019's come out.
Yes we did. All time high. On 3/21/19 at $1,583 bid, $1,608 ask.
Palladium down another $114 as I type to $1316 bid.
More than a $250/ounce drop in one week is even steeper down than the major run-up. Classic bubble pop.
I sure hope the Mint did not buy their blanks yet for the 2019 RP's or they will probably have a big loss if not really well hedged. Rhodium down $275/ounce today alone! Silver back below $15/ounce.
Really unusual drops in all metals, especially considering lower interest rates.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
Wow I remember this one, me and Miles where nut. 😉😃 we did good on this one I think I still have some around here. I just bought two on the price drop from the mint.
Hoard the keys.