$1725 Palladium

ashelandasheland Posts: 14,082 ✭✭✭✭✭

It just keeps going up... Do you guys think we'll see $2,000 by January?

Comments

  • bronco2078bronco2078 Posts: 7,636 ✭✭✭✭✭

    still a $500 spread and no one wants the stuff when the music stops.

    hard pass

  • MsMorrisineMsMorrisine Posts: 23,353 ✭✭✭✭✭

    well, I'm gunna party like it's 1999

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MilesWaitsMilesWaits Posts: 3,601 ✭✭✭✭✭

    Where is the “cranky” LOL when you need it?

    Waiting for the swell in PM's and surf.
  • massscrewmassscrew Posts: 2,133 ✭✭✭

    Curious, and I know this has probably been discussed before... Take the 2018 Palladium American Eagle ; what happens to the premium as spot price rises? Does it increase too, or disappear? Asking for a friend :)

  • MsMorrisineMsMorrisine Posts: 23,353 ✭✭✭✭✭
    edited October 15, 2019 6:29PM

    huge premiums on collectible bullion decrease with increasing bullion price.

    they can also, but not always, naturally shrink over time. this is what I'm thinking will happen to the APdE's

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MilesWaitsMilesWaits Posts: 3,601 ✭✭✭✭✭

    And they tend to be melted as they continue to rise in spot.
    Why look for a dedicated buyer when you have a smelter.
    Which reduces the overall number but how would you ever know?

    Waiting for the swell in PM's and surf.
  • ashelandasheland Posts: 14,082 ✭✭✭✭✭

    Dang! $1773 right now!

  • ashelandasheland Posts: 14,082 ✭✭✭✭✭

    (Not mine) but it’s crazy to think that’s over 7 grand right there:

  • MsMorrisineMsMorrisine Posts: 23,353 ✭✭✭✭✭

    this is fun yet.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MilesWaitsMilesWaits Posts: 3,601 ✭✭✭✭✭

    Yes that package of four Maple Palladium’s would’ve cost you under $1600 a short time ago. She’s looking awful pretty now.

    Waiting for the swell in PM's and surf.
  • MilesWaitsMilesWaits Posts: 3,601 ✭✭✭✭✭

    Looks like Spot is about to put a Pd fork into $1800.

    Waiting for the swell in PM's and surf.
  • metalmeistermetalmeister Posts: 3,783 ✭✭✭✭

    I read it takes around 100 tons of hard Nickel ore to mine 1 ounce of Pt and Pd.
    Should have bot more back in 2000. I remember $400 for Pt at the coin shows.

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  • ashelandasheland Posts: 14,082 ✭✭✭✭✭
    edited October 16, 2019 7:37AM

    I wouldn’t be surprised to see 1800 this week!

  • MsMorrisineMsMorrisine Posts: 23,353 ✭✭✭✭✭

    I expect a pullback in the next couple of days

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MilesWaitsMilesWaits Posts: 3,601 ✭✭✭✭✭

    From CNBC today:

    Meanwhile, palladium was up 0.2% at $1,769.73 an ounce, after hitting an all-time high of $1,783.21 earlier in the session.
    "The risks of increased supply or of demand substitution are low in the short term, leaving the market structurally tight. This is conducive to higher prices in the medium term," ANZ said in a note.
    Palladium is crucial in the making of catalytic converters used in exhaust systems of vehicles, and concerns over its supply running out have helped lift prices by more than 41% this year alone, despite a weakening auto sector.
    Platinum fell 0.2% to $881.43 per ounce and silver rose 0.2% to $17.42.

    Waiting for the swell in PM's and surf.
  • bronco2078bronco2078 Posts: 7,636 ✭✭✭✭✭

    how do we make money on paper palladium here? Anyone doing any ETF trades ?

  • MsMorrisineMsMorrisine Posts: 23,353 ✭✭✭✭✭

    there is pall

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • DrBusterDrBuster Posts: 3,930 ✭✭✭✭

    short it

  • MsMorrisineMsMorrisine Posts: 23,353 ✭✭✭✭✭

    @DrBuster said:
    short it

    my broker would let me short it. i just tested it.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 23,353 ✭✭✭✭✭

    @MsMorrisine said:
    I expect a pullback in the next couple of days

    the near, immediate term overbought situation has cleared. where it goes is biased up, but that doesn't mean it goes straight up from here.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • johnny9434johnny9434 Posts: 19,992 ✭✭✭✭✭

    buy high, sell low (not)

  • MilesWaitsMilesWaits Posts: 3,601 ✭✭✭✭✭

    From CNBC this morning:

    Palladium soared on Monday to hit $1,800 an ounce for the first time ever, extending a record run triggered by a stark supply shortfall, while gold fell nearly 1% on optimism surrounding a U.S.-China deal that pushed stocks to a fresh peak.
    Palladium rose 2.1% to $1,799.59 per ounce as of 11:18 a.m. EDT, having hit a record high of $1,804.08.
    The metal has climbed about 43% so far this year.

    "There's just a persistent, continuing shortage of the metal," said Tai Wong, head of base and precious metals derivatives trading at BMO.
    "The sharp rally does suggest a correction at some stage but the outlook is robust. Palladium could even hit $2,000 next year; perhaps even higher, but the path is unlikely to be smooth."
    Gaping supply shortages will see palladium cement its price premium over platinum next year, a Reuters survey showed.
    Chiefly used in vehicle exhausts to reduce harmful emissions, platinum is favoured for diesel engines and palladium is preferred for gasoline engines.

    Waiting for the swell in PM's and surf.
  • ashelandasheland Posts: 14,082 ✭✭✭✭✭

    1798 right now. 2 grand looks almost certain!

  • MsMorrisineMsMorrisine Posts: 23,353 ✭✭✭✭✭
    edited October 28, 2019 11:39AM

    @MilesWaits said:
    From CNBC this morning:

    "There's just a persistent, continuing shortage of the metal," said Tai Wong, head of base and precious metals derivatives trading at BMO.
    "The real continuing pressure remains those foolish governments continuing to mint palladium coins and bars when industrial users are being squeezed," he added.
    "Once the physical metal 'collectors' are priced out, then real price discovery can begin," said Bachman of BTO.

    excellent stuff from Bachman of BTO! He's really taking care of business!

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MilesWaitsMilesWaits Posts: 3,601 ✭✭✭✭✭

    Foolish rabbits; I say keep it up Mint’s.

    Waiting for the swell in PM's and surf.
  • jmski52jmski52 Posts: 19,828 ✭✭✭✭✭
    edited October 30, 2019 5:55PM

    Palladium at $1,725...…………….is so, so yesterday. :p

    (Too bad I don't own any)

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • ashelandasheland Posts: 14,082 ✭✭✭✭✭

    $1810 now!

  • MsMorrisineMsMorrisine Posts: 23,353 ✭✭✭✭✭

    I am disappointed Pd was not up with gold today. I wanted to see how far over 1800 it could go

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • ShadyDaveShadyDave Posts: 1,685 ✭✭✭✭✭

    I think there is limited upside after the run up over the last year for PD.

    I just sold all of the employee stock purchase plan shares (ESPP) in my eTrade account a few minutes ago, so I have around $8,000 to fool around with. Any recommendations >:) ?

  • cohodkcohodk Posts: 15,840 ✭✭✭✭✭

    Why did you sell?


    Excuses are tools of the ignorant
    Knowledge is the enemy of fear
  • jmski52jmski52 Posts: 19,828 ✭✭✭✭✭

    I'd recommend a cash cushion for life's little curveballs.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • ShadyDaveShadyDave Posts: 1,685 ✭✭✭✭✭

    @cohodk said:
    Why did you sell?

    It’s my wife company (financial services) and it’s not doing great right now. Earnings are being reported next week.

    Stock is down this year, insiders have net sold shares over the last quarter or two and there have been about 400 layoffs in her division of 2,700 since May. Since she (we) gets to purchase the stock on the lower of the first/last day of the quarter and at a 15% discount, we’re still making free money.

    This is play around money for us, so I’m going to teach her how to read a stock quote, execute trades and other “101” stuff. Will probably split the money in half and do a little competition to get her interested.

  • dpooledpoole Posts: 5,341 ✭✭✭✭✭

    Platinum appears to be making a for-real move up. Been awhile since it's threatened $950.

  • jmski52jmski52 Posts: 19,828 ✭✭✭✭✭

    Platinum appears to be making a for-real move up. Been awhile since it's threatened $950.

    Relative to the other metals, I still think that platinum is a bargain. Probably silver is too.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • MilesWaitsMilesWaits Posts: 3,601 ✭✭✭✭✭

    I agree on platinum being a bargain particularly at $800 where I bought a little Pt Dragon.

    Waiting for the swell in PM's and surf.
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