@morgansforever said:
Before you know it the other white meat (Pd.) will be at $3k.
Is that when the bubble pops?
Wish I knew, now it's clear I should have bought all the 2017 PCGS Black label 70's from APMEX a bargain at $1700. I bought two and was sweating it. My crystal ball needs an update
From BBC:
Pd is also used, to a far lesser extent, in electronics, dentistry, and jewellery.
The metal's soaring value in recent years has seen a jump in the theft of catalytic converters around the world.
London's Metropolitan police said the number of thefts in the first six months of 2019 were more than 70% higher than the whole of the previous year.
Why is its price rising?
In short, it is because demand for palladium outstrips supply, and it has done for some time.
The amount of the metal produced in 2019 is forecast to be below global demand for the eighth year in a row.
As a secondary product of platinum and nickel extraction, miners have less flexibility to increase palladium output in response to rising prices.
And that shortfall looks set to continue, with South Africa, which produces around 40% of the world's supply, last week saying its output of platinum group metals, including palladium, fell by 13.5% in November compared to a year earlier.
Meanwhile, demand for palladium from car makers has increased sharply for a number of reasons.
Around the world governments, notably China, are tightening regulations as they attempt to tackle air pollution from petrol vehicles.
At the same time the diesel emissions scandal in Europe has also had an impact. Consumers there have been shifting away from diesel cars, which mostly use platinum in their catalytic converters, and are instead buying petrol-driven vehicles, which use palladium.
The US-China trade deal, which was signed earlier this month, has also boosted prices. Traders expect the agreement to help ease downward pressure on global economic growth and slow the decline in Chinese car sales
That is a good question about this coming year’s Pd Eagle.
Although, we had the same debate starting in 2017.
I would guess less.
Unlike rhodium, at least we have a Mint product available that represents the rare metal.
SD Bullion had an interview today on Zerohedge in which the guy, a trader of some sort maintained that the physical palladium stocks are depleted and that no paper price manipulation can take place currently.
Which leads me to think that platinum will have its turn fairly soon.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said:
interview Zerohedge.... trader of some sort maintained that the physical palladium stocks are depleted and that no paper price manipulation can take place currently.
I wonder when platinum will start catching up. It just crossed $1000.
I haven't figured that one out either. Platinum has been acting like silver for quite a while, but palladium is now acting like rhodium.
Platinum has been acting like silver for so long now - that in my portfolio, I've considered platinum to be a proxy for silver for about 10 years. At some point, they will decouple, but I can't venture a guess as to when that might be.
Palladium has been a proxy for how I wished I'd have mortgaged the house and backed up the truck to buy a bunch.
Q: Are You Printing Money? Bernanke: Not Literally
UPDATE: Tesla isn't the only 'green hedge' that's been on an absolute tear lately
4:12 pm ET February 20, 2020 (MarketWatch)
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By Shawn Langlois, MarketWatch
Do you believe the world will embrace a green path toward the future?
If so, you might want to consider slapping a palladiumposition next to your Tesla (TSLA)shares in your portfolio, according to the investor behind the Market Ear blog (https://themarketear.com/).
"Palladium is a key component in pollution-control devices for cars and trucks," he wrote. "About 85% of palladium ends up in the exhaust system in cars, where it helps turn toxic pollutants into less-harmful carbon dioxide and water vapor."
"Palladium has been unbelievable -- it's like the Tesla stock of commodities," he said. "Prices are caught up in the rally in precious metals. Whenever these metals rally palladium tends to move as well, but by a greater magnitude."
The rally in palladium has also been goosed by expectations that China will enforce stricter environmental standards that will trigger increased demand.
Meanwhile, prices just keep pushing deeper into record territory. Palladium added another 1% to $2,598.60 Thursday. Tesla closed down 2% at $899.41.
Don't expect the market to dry up anytime soon, either. According to Anglo American Platinum, global demand for palladium will exceed production by 1.9 million ounces this year, though the company said in its annual report that auto makers may start using more platinum as an alternative.
Comments
I’m only holding a little platinum. I’m ahead, not nothing like palladium.
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Pd ask was at a high of $2602 today according to Kitco
Before you know it the other white meat (Pd.) will be at $3k.
Is that when the bubble pops?
Worry is the interest you pay on a debt you may not owe.
When the switchover occurs, it’s gonna be a downhill slope
Anyone got Pt
Wish I knew, now it's clear I should have bought all the 2017 PCGS Black label 70's from APMEX a bargain at $1700. I bought two and was sweating it. My crystal ball needs an update
Ok, Morgan’s, you got me APMEX nostalgic, so:
Item Description Spot Price Quantity Unit Price Ext. Price
2017 1 oz Palladium American Eagle MS-70 PCGS (FS
$919.50 1 $1,264.50 $1,264.50
Order Total: $1,264.50
Ditto on wishing I bought more as I recall they were popular.
In 2016 I got my maple for $600 even. I wish I had gotten ten! 😥
My YouTube Channel
Palladium is the poor man's rhodium.
My Adolph A. Weinman signature
Just like copper bars and rounds are the poor mans silver.
Worry is the interest you pay on a debt you may not owe.
From BBC:
Pd is also used, to a far lesser extent, in electronics, dentistry, and jewellery.
The metal's soaring value in recent years has seen a jump in the theft of catalytic converters around the world.
London's Metropolitan police said the number of thefts in the first six months of 2019 were more than 70% higher than the whole of the previous year.
Why is its price rising?
In short, it is because demand for palladium outstrips supply, and it has done for some time.
The amount of the metal produced in 2019 is forecast to be below global demand for the eighth year in a row.
As a secondary product of platinum and nickel extraction, miners have less flexibility to increase palladium output in response to rising prices.
And that shortfall looks set to continue, with South Africa, which produces around 40% of the world's supply, last week saying its output of platinum group metals, including palladium, fell by 13.5% in November compared to a year earlier.
Meanwhile, demand for palladium from car makers has increased sharply for a number of reasons.
Around the world governments, notably China, are tightening regulations as they attempt to tackle air pollution from petrol vehicles.
At the same time the diesel emissions scandal in Europe has also had an impact. Consumers there have been shifting away from diesel cars, which mostly use platinum in their catalytic converters, and are instead buying petrol-driven vehicles, which use palladium.
The US-China trade deal, which was signed earlier this month, has also boosted prices. Traders expect the agreement to help ease downward pressure on global economic growth and slow the decline in Chinese car sales
I wouldn't have touched palladium at half this price so one thing you know for sure is I can't tell the future.
If these price increases keep up, how many collectors will take the plunge and buy this year's 1-ounce palladium eagle?
My Adolph A. Weinman signature
Or sell their 2017 pieces? Because, believe me, I've thought about it.
--Severian the Lame
That is a good question about this coming year’s Pd Eagle.
Although, we had the same debate starting in 2017.
I would guess less.
Unlike rhodium, at least we have a Mint product available that represents the rare metal.
Weiss
My Pd Eagles will be the last to go.
I do have three Maple Palladium’s as I am debating over their fate.
Keep em or make more catalytic fodder.
That Saint is nice!
My YouTube Channel
Hmm, I wonder how that would classify aluminum. We used to like to pick up the doubloons at Mardi Gras.
It's all about what the people want...
Palladium down $125 today.
What the heck is going on?
Here's a warning parable for coin collectors...
There's a leak in the bubble and it's starting to deflate?
Worry is the interest you pay on a debt you may not owe.
SD Bullion had an interview today on Zerohedge in which the guy, a trader of some sort maintained that the physical palladium stocks are depleted and that no paper price manipulation can take place currently.
Which leads me to think that platinum will have its turn fairly soon.
I knew it would happen.
Thats funny. Nonsensical. But very funny.
Knowledge is the enemy of fear
Thats funny. Nonsensical. But very funny.
I'm glad that you are so easily amused.
I knew it would happen.
2350
2380
2356 pd
Rhodium is 9,000!
My YouTube Channel
2018 Palladium Eagle - I wonder when spot price will surpass the numismatic value...
2365 on kitco
2364.90 on futures
go gold?
back over 2200
2300
Rhodium is 9400. Coming close to the all time high.
My YouTube Channel
2200?
2300 again.
2400 again
Not too far from 2500!
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Currently $2630!
How is this not fun?!
Insane!
My YouTube Channel
$2740!,,!,
Up the asylum ladder
I wonder how many palladium eagles are being melted.
Also, I wonder when platinum will start catching up. It just crossed $1000.
My Adolph A. Weinman signature
I wonder when platinum will start catching up. It just crossed $1000.
I haven't figured that one out either. Platinum has been acting like silver for quite a while, but palladium is now acting like rhodium.
Platinum has been acting like silver for so long now - that in my portfolio, I've considered platinum to be a proxy for silver for about 10 years. At some point, they will decouple, but I can't venture a guess as to when that might be.
Palladium has been a proxy for how I wished I'd have mortgaged the house and backed up the truck to buy a bunch.
I knew it would happen.
UPDATE: Tesla isn't the only 'green hedge' that's been on an absolute tear lately
4:12 pm ET February 20, 2020 (MarketWatch)
Share
Print
By Shawn Langlois, MarketWatch
Do you believe the world will embrace a green path toward the future?
If so, you might want to consider slapping a palladiumposition next to your Tesla (TSLA)shares in your portfolio, according to the investor behind the Market Ear blog (https://themarketear.com/).
"Palladium is a key component in pollution-control devices for cars and trucks," he wrote. "About 85% of palladium ends up in the exhaust system in cars, where it helps turn toxic pollutants into less-harmful carbon dioxide and water vapor."
Of course, as you can see by this Market Ear chart (which was highlighted in our "Need to Know" column (http://www.marketwatch.com/story/goldman-sachs-warns-a-near-term-correction-risk-for-stocks-grows-as-coronavirus-complacency-abounds-2020-02-20)), buyers have already been flocking:
ED&F Man Capital Markets analyst Edward Meir made the comparison to Elon Musk's company in a recent interview with Bloomberg News (https://www.bloomberg.com/news/articles/2020-02-18/-tesla-stock-of-commodities-smashes-record-again-on-virus-scare).
"Palladium has been unbelievable -- it's like the Tesla stock of commodities," he said. "Prices are caught up in the rally in precious metals. Whenever these metals rally palladium tends to move as well, but by a greater magnitude."
The rally in palladium has also been goosed by expectations that China will enforce stricter environmental standards that will trigger increased demand.
Meanwhile, prices just keep pushing deeper into record territory. Palladium added another 1% to $2,598.60 Thursday. Tesla closed down 2% at $899.41.
Don't expect the market to dry up anytime soon, either. According to Anglo American Platinum, global demand for palladium will exceed production by 1.9 million ounces this year, though the company said in its annual report that auto makers may start using more platinum as an alternative.
-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
February 20, 2020 16:12 ET (21:12 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Palladium's only up $7.00 this morning. Run, Forrest, Run!
(just kidding)
I knew it would happen.
Palladium $1897.
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$1867 now.
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$1780 now. I'm not making this up.
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1699 Unbelievable
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1656
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1650
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