PD & Plat moving NICELY!

MrOrganic

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!

third world countries middle class booming = need for more raw materials & AUTOS

secondrepublic

wow, palladium is WAY up over $30/ounce.... that's very unusual.

MrOrganic

or I am totally wrong!

LOL

http://online.wsj.com/article/BT-CO-20091224-704007.html?mod=rss_Commodities
New PD & plat ETF launched

Kameo

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

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!!!

DoubleEagle59

is the sudden increase of Pd related to the ETF?

any other reasons?

Fountainhead

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.

MrOrganic

<< <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