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Pd finally getting some serious movement

WeissWeiss Posts: 9,941 ✭✭✭✭✭
in Precious Metals
Graph is stalled, kitco reports it at $318 as of 3:30 PM central 10-08.
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And where is our friend Rhodium? Anyone? Anyone? image



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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

Comments

  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    Pd is way up from its 52 week lows. Last December it was at $165/ounce briefly (though it was impossible to get physical metal anywhere near spot then). It's almost doubled since then.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • 1jester1jester Posts: 8,637 ✭✭✭
    When it reaches $500 I'll start to get excited. When it goes over $1000 I'll be happy.


    imageimageimage
    .....GOD
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    "Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9

    "Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5

    "For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
  • DoubleEagle59DoubleEagle59 Posts: 8,323 ✭✭✭✭✭
    PD is going up strictly because of weak US dollar, IMHO.

    Industrial demand (auto makers I would presume) is still a zero factor.
  • Norseman88Norseman88 Posts: 962
    Palladium topped out recently at nearly $600 an oz. last summer, it's all time high is $1,100 so it is entirely possible for it to make a run of it's own as long as metals stay fairly strong.
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