Palladium $1500?

MilesWaitsMilesWaits Posts: 3,029 ✭✭✭✭
edited January 17, 2019 4:39AM in Precious Metals

Just wanted to ask it out loud.

And proud of my Eagles and Maples...

Waiting for the swell in PM's and surf.

Comments

  • dennis1219dennis1219 Posts: 165 ✭✭✭

    Like palladium short... but feel it will travel the Platinum highway soon enough.

  • alohagaryalohagary Posts: 1,922 ✭✭✭

    Anyone have an idea why palladium has soared

  • metalmeistermetalmeister Posts: 3,558 ✭✭✭✭

    I read China stock piling for auto pollution control.

    email: [email protected]

    100% Positive BST transactions
  • It has more industrial uses, it's more finite than platinum as it's mostly a by-product of other metals, and there is more speculation in the space (read: there will be a correction in the price eventually). I put an article up I saw a while ago, I bought some earlier this year and I'm glad I did but I see the time to unload is coming up, if not here already.

  • MorganMan94MorganMan94 Posts: 1,150 ✭✭✭✭✭

    @bnaryle said:
    It has more industrial uses, it's more finite than platinum as it's mostly a by-product of other metals, and there is more speculation in the space (read: there will be a correction in the price eventually). I put an article up I saw a while ago, I bought some earlier this year and I'm glad I did but I see the time to unload is coming up, if not here already.

    People have been saying it is the time to get out of palladium since it hit $800. Keep on stackin'

  • MilesWaitsMilesWaits Posts: 3,029 ✭✭✭✭

    Ummm. More upward movement today.

    Waiting for the swell in PM's and surf.
  • MsMorrisineMsMorrisine Posts: 22,453 ✭✭✭✭✭

    Palladium parabolic?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MilesWaitsMilesWaits Posts: 3,029 ✭✭✭✭

    A Poll of sorts:
    What will occur first?
    Palladium at $1400 or the release of the mid engine Corvette?

    Waiting for the swell in PM's and surf.
  • blitzdudeblitzdude Posts: 1,294 ✭✭✭✭✭

    Maybe on paper. good luck selling it at that price.

  • MsMorrisineMsMorrisine Posts: 22,453 ✭✭✭✭✭

    1400

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • massscrewmassscrew Posts: 2,000 ✭✭✭

    $1400

  • MsMorrisineMsMorrisine Posts: 22,453 ✭✭✭✭✭

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • ashelandasheland Posts: 11,460 ✭✭✭✭✭

    I think it'll hit 1400 FWIW

  • ashelandasheland Posts: 11,460 ✭✭✭✭✭

    1337.00 right now. It's on the way...

  • CCDollarCCDollar Posts: 480 ✭✭✭✭
    edited January 11, 2019 9:41AM

    Palladium, Palladium where do you roam...
    Palladium, Palladum far, far from home..'

    CC

    The Original "Nickel Triumph...My Led Zepps"



  • LukeMarshallLukeMarshall Posts: 622 ✭✭✭

    @CCDollar said:
    Palladium, Palladium where do you roam...
    Palladium, Palladum far, far from home..'

    CC

    At first I thought you were singing this to sound like Metallica lol!

    Hey, here we go...
    And the Earth becomes my mine, And the Earth becomes my Mine!

    It is stripped of all that Shines....

    It's all about what the people want...

  • CCDollarCCDollar Posts: 480 ✭✭✭✭
    edited January 11, 2019 10:50AM

    ...Have Gun Will Travel Says the Card of the Man... Matallica is cool but a long way from Johny Western. Take care...CC

    The Original "Nickel Triumph...My Led Zepps"



  • MilesWaitsMilesWaits Posts: 3,029 ✭✭✭✭

    $1360, currently.

    Waiting for the swell in PM's and surf.
  • ashelandasheland Posts: 11,460 ✭✭✭✭✭

    It's really got some momentum lately!

  • MilesWaitsMilesWaits Posts: 3,029 ✭✭✭✭

    $1422 !!!

    Waiting for the swell in PM's and surf.
  • MilesWaitsMilesWaits Posts: 3,029 ✭✭✭✭

    The mid engine corvette lost. But, the Supra is near.

    Waiting for the swell in PM's and surf.
  • MsMorrisineMsMorrisine Posts: 22,453 ✭✭✭✭✭

    @MilesWaits said:
    The mid engine corvette lost. But, the Supra is near.

    when are you selling?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • TwoSides2aCoinTwoSides2aCoin Posts: 40,076 ✭✭✭✭✭

    Soon to be $2000.

  • ashelandasheland Posts: 11,460 ✭✭✭✭✭

    I saw it at 1410 this morning. I immediately thought of this thread.
    That’s up around 100 bucks in two days, that’s crazy!

  • ashelandasheland Posts: 11,460 ✭✭✭✭✭

    I sold too soon.

  • MorganMan94MorganMan94 Posts: 1,150 ✭✭✭✭✭

    Time to buy a futures contract, I have been on the sideline for too long!

  • MsMorrisineMsMorrisine Posts: 22,453 ✭✭✭✭✭

    @TwoSides2aCoin said:
    Soon to be $2000.

    ounce of rhodium soon.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MilesWaitsMilesWaits Posts: 3,029 ✭✭✭✭

    @MsMorrisine said:

    @MilesWaits said:
    The mid engine corvette lost. But, the Supra is near.

    when are you selling?

    I rarely sell because almost everything I have I like and want to keep. I do get excited to see the metals rise and don’t get too concerned when they fall. I do have some maples and Eagles and I’m happy that I bought when I did.

    Waiting for the swell in PM's and surf.
  • 3stars3stars Posts: 643 ✭✭✭

    Going to make the 2019 palladium coin stoopid expensive this year at this rate.

    Previous transactions: Wondercoin
  • LukeMarshallLukeMarshall Posts: 622 ✭✭✭

    I see no reason why palladium can't be $15,000 an oz

    Supply is super tight, and if metal is outflowing from vaults pall might be the first one to expose the paper game.

    Buckle up, you've been warned

    It's all about what the people want...

  • MilesWaitsMilesWaits Posts: 3,029 ✭✭✭✭

    I think I can fit all of your Palladium into the back of my SUV; let me know how I can secure that role.

    Flowing from vaults or otherwise.

    I have heard it claimed that all the world's mined Platinum can fit in the trunk of a car.

    Waiting for the swell in PM's and surf.
  • MilesWaitsMilesWaits Posts: 3,029 ✭✭✭✭

    From CNBC:

    Palladium surpassed the $1,400 mark for the first time on Thursday, as demand for the auto-catalyst metal overtook its availability in the market, while gold edged lower as the dollar gained on better-than-expected U.S. jobs data.

    Spot palladium gained 2.28 percent to $1,390 per ounce as of 2:13 p.m. ET, having earlier hit an all-time high of $1,434.50, and rising more than 10 percent so far this month.

    "The palladium market is laboring under production-consumption deficits," said James Steel, chief precious metals analyst at HSBC.

    Adding to palladium's appeal were policy initiatives to help support demand that were unveiled by China, the biggest auto market, Steel said.

    The price of palladium, used mainly in emissions-reducing catalysts for vehicles, has jumped more than 70 percent since hitting a trough in mid-August. The metal overtook gold in price terms for the first time in 16 years late last year.

    "We are seeing steady buying in modest amounts; just no supply and no one willing to sell because you don't know where it will stop," said Tai Wong, head of base and precious metals derivatives trading at BMO.

    Waiting for the swell in PM's and surf.
  • MsMorrisineMsMorrisine Posts: 22,453 ✭✭✭✭✭

    @MilesWaits said:
    From CNBC:

    " and no one willing to sell because you don't know where it will stop," said Tai Wong, head of base and precious metals derivatives trading at BMO.

    that's the beginning of bubble talk

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • ashelandasheland Posts: 11,460 ✭✭✭✭✭

    From what I understand, for every 15 ounces of gold mined, only one ounce of platinum is mined, but only two grams of palladium. Am I understanding that correctly?

    Platinum is 15 times rarer than gold, but palladium is 15 times rarer than platinum.

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