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Is there any rational explanation about what Palladium is doing?

JimTylerJimTyler Posts: 3,434 ✭✭✭✭✭
in Precious Metals

I don't know but from the outside looking in it appears to be market manipulation. I would never buy today when I remember Palladium well under $100. Think Rhodium.

Comments

  • ashelandasheland Posts: 23,231 ✭✭✭✭✭

    I think the US Mint making eagles has probably something to do with it. That's a good deal of physical demand, plus all of those new cars need a little..

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  • MilesWaitsMilesWaits Posts: 5,372 ✭✭✭✭✭

    Is there a rational explanation for gold, silver, Apple or Google stock? Hysteria rules!

    Now riding the swell in PM's and surf.
  • OverdateOverdate Posts: 7,017 ✭✭✭✭✭

    I think tulips are poised for a comeback.

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  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @Overdate .... Only if they develop and produce in quantity a true black tulip.... last I heard, it was still not done....Cheers, RickO

  • jmski52jmski52 Posts: 22,902 ✭✭✭✭✭

    Is there any rational explanation about what Palladium is doing?

    No.

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    I knew it would happen.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,364 ✭✭✭✭✭

    @jmski52 said:
    Is there any rational explanation about what Palladium is doing?

    No.

    Performing just like the stock market. Normality , perhaps.

  • ashelandasheland Posts: 23,231 ✭✭✭✭✭

    Kinda volatile lately.

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  • EdtheloraxEdthelorax Posts: 229 ✭✭✭

    My guess is that some of the catalytic converter manufacturers retooled their factories years ago when Pt was over double Pd. That was not cheap, easy or fast. They have no choice but to buy Pd at market prices. There has been a deficit for something like 8 years. Russia controls almost 1/2 of world production of Palladium, that may have something to do with it.
    IMHO, it is the time to buy platinum, not Pd.

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  • derrybderryb Posts: 36,947 ✭✭✭✭✭

    speculation. Every body wants to be in at the ground floor or at least shortly thereafter.

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