Palladium almost at a 12-month high
Weiss
Posts: 9,941 ✭✭✭✭✭
Precipitous fall around September of last year, it's been down below that plummet ever since:
Looks like it's been about 5 years since it was significantly below its current price:
Minor bump, good time to buy, or did you already miss the boat?
Looks like it's been about 5 years since it was significantly below its current price:
Minor bump, good time to buy, or did you already miss the boat?
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame
--Severian the Lame
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Comments
<< <i>I've got mine
That's a good average price.
<< <i>Precipitous fall around September of last year, it's been down below that plummet ever since:
Looks like it's been about 5 years since it was significantly below its current price:
Minor bump, good time to buy, or did you already miss the boat?
It appears that charting it out Palladium is in a definite uptrend.
One thing I've noticed locally is that Palladium can be very tough to find and usually they have to order it in, of course Palladium is much rarer than Gold and on par with Platinum so maybe people should be hoarding it instead???
--Severian the Lame
<< <i>Nice bump for Palladium this morning, too.
I would think that if Platinum keeps going up that some consumers would switch to palladium especially car manufacturers such as India's Tata motors or the Chinese car companies.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>sold all mine last year at 541. >>
Excellent move, but did you purchase any during the downturn? That would have been an even greater move.
<< <i>
<< <i>sold all mine last year at 541. >>
Excellent move, but did you purchase any during the downturn? That would have been an even greater move. >>
No, put it all (a lot!) in 08w Unc. buffs and eagles before the mint sold out. Graded and flipped all those and am currently playing some jr. miners and commodity ETFs with a Scottrade account. So far doing OK, but looking for an entry point in PMS with my Kitco pool account.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>It'll drop back to $240's within the next few weeks but you'll still have to pay $280 +/- >>
If the dollar keeps weakening Palladium, Platinum, Gold and Silver will all keep going up and if the CTFC actually limits the amount of naked shorts in the precious metal market you would see some real fireworks.