Palladium $1500?

MilesWaits · January 4, 2019 8:10PM

Just wanted to ask it out loud.

And proud of my Eagles and Maples...

dennis1219 · January 5, 2019 2:56PM

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

alohagary · January 6, 2019 12:10AM

Anyone have an idea why palladium has soared

metalmeister · January 6, 2019 9:12AM

I read China stock piling for auto pollution control.

bnaryle · January 6, 2019 10:08AM

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.

MorganMan94 · January 9, 2019 7:00AM

@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'

MilesWaits · January 9, 2019 12:45PM

Ummm. More upward movement today.

MsMorrisine · January 9, 2019 2:27PM

Palladium parabolic?

MilesWaits · January 9, 2019 4:02PM

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

blitzdude · January 9, 2019 5:02PM

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

MsMorrisine · January 9, 2019 5:55PM

1400

USMC_6115 · January 9, 2019 6:24PM

$1400

MsMorrisine · January 9, 2019 6:25PM

asheland · January 10, 2019 7:55AM

I think it'll hit 1400 FWIW

asheland · January 11, 2019 9:10AM

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

CCDollar · January 11, 2019 9:38AM

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

CC

LukeMarshall · January 11, 2019 10:38AM

@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....

CCDollar · January 11, 2019 10:47AM

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

MilesWaits · January 16, 2019 7:57AM

$1360, currently.

asheland · January 16, 2019 8:05AM

It's really got some momentum lately!

MilesWaits · January 17, 2019 4:38AM

$1422 !!!

MilesWaits · January 17, 2019 4:38AM

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

MsMorrisine · January 17, 2019 5:09AM

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

when are you selling?

TwoSides2aCoin · January 17, 2019 6:25AM

Soon to be $2000.

asheland · January 17, 2019 6:40AM

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!

asheland · January 17, 2019 6:41AM

I sold too soon.

MorganMan94 · January 17, 2019 6:55AM

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

MsMorrisine · January 17, 2019 6:57AM

@TwoSides2aCoin said:
Soon to be $2000.

ounce of rhodium soon.

MilesWaits · January 17, 2019 7:49AM

@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.

3stars · January 17, 2019 9:33AM

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

LukeMarshall · January 17, 2019 10:20AM

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

MilesWaits · January 17, 2019 10:36AM

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.

MilesWaits · January 17, 2019 3:59PM

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.

MsMorrisine · January 17, 2019 4:25PM

@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

asheland · January 18, 2019 7:57AM

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.

Palladium $1500?

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