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PD & Plat moving NICELY!

MrOrganicMrOrganic Posts: 1,366
in Precious Metals
http://quotes.ino.com/exchanges/?e=FOREX&c=metals


Coal, steel have been also on fire!!!!

I am starting to believe this may be the de-coupling of these two as PM's and more towards industrial uses! image

third world countries middle class booming = need for more raw materials & AUTOS
Singapore & Hong Kong March/April
Hong kong/Long Beach JUNE Table #838
MACAU
emgworldwide@gmail.com
Cell: 512.808.3197
EMERGING MARKET GROUP
PCGS, NGC, CCE & NCS, CGC, PSA, Auth. Dealer

Comments

  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    wow, palladium is WAY up over $30/ounce.... that's very unusual.
    "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)
  • MrOrganicMrOrganic Posts: 1,366
    or I am totally wrong!

    LOL

    http://online.wsj.com/article/BT-CO-20091224-704007.html?mod=rss_Commodities
    New PD & plat ETF launched
    Singapore & Hong Kong March/April
    Hong kong/Long Beach JUNE Table #838
    MACAU
    emgworldwide@gmail.com
    Cell: 512.808.3197
    EMERGING MARKET GROUP
    PCGS, NGC, CCE & NCS, CGC, PSA, Auth. Dealer
  • KameoKameo Posts: 207
    I noticed Pd didn't sink like gold and silver the past few weeks. I was hoping it would cause I would like purchase a bit more. Poor timing on my part image

    Nickel was at 7.20 just a few weeks ago and today it's at 8.50 and climbing. I have about 10,000 lbs of clean 18/8 stainless to turn in and I've been waiting over a year and a half now. Oh please keep climbing!!! image
  • DoubleEagle59DoubleEagle59 Posts: 8,309 ✭✭✭✭✭
    is the sudden increase of Pd related to the ETF?

    any other reasons?
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • FountainheadFountainhead Posts: 956
    Yes, the SEC gave approval for a Pd/Pt ETF and anticipatory buying by specs is responsible for today's spike. I wouldn't surprised if the exchange responds by upping the margins to 110% to kill such a move in the next week or so. The PGMs are too small a market to be allowed to move merely by paper, rather than actual, demand.
    Salute the automobile: The greatest anti-pollution device in human history!
    (Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
  • MrOrganicMrOrganic Posts: 1,366


    << <i>Yes, the SEC gave approval for a Pd/Pt ETF and anticipatory buying by specs is responsible for today's spike. I wouldn't surprised if the exchange responds by upping the margins to 110% to kill such a move in the next week or so. The PGMs are too small a market to be allowed to move merely by paper, rather than actual, demand. >>



    "exchange responds by upping the margins to 110%"

    ....could you explain in laymans terms
    thanx
    Singapore & Hong Kong March/April
    Hong kong/Long Beach JUNE Table #838
    MACAU
    emgworldwide@gmail.com
    Cell: 512.808.3197
    EMERGING MARKET GROUP
    PCGS, NGC, CCE & NCS, CGC, PSA, Auth. Dealer
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