Palladium

JupitarCoins

Whats up with the big jump in palladium lately as of thie writing its up over $17 dollars?

DoubleEagle59

I don't really know.

Although I'm optimistic about Pd's future, I dumped my palladium about a month ago.

I got tired of the illiquid market and the huge buying premiums.

gsa1fan

2oz for spot on BST right now. Meltdown has it

JupitarCoins

<< <i>I don't really know.

Although I'm optimistic about Pd's future, I dumped my palladium about a month ago.

I got tired of the illiquid market and the huge buying premiums. >>



I bet you wished you had kept it and sold at a later date!!

JupitarCoins

<< <i>2oz for spot on BST right now. Meltdown has it >>



Thanks but I'm not looking to buy right now. I only have about three oz's myself wish I had bought more last year.

sinin1

It is a thinly traded market and not very liquid


it is similar to lumber - you will get killed in the futures market, chopped up and spit out broker than you even knew you could get
a couple weeks of limit moves against you that you can not even get out of, is wealth killing

if you buy physical and consider it similar to stock shares you plan on holding for years, then daily gyrations will not concern you and you may be okay

there is another thread on Palladium floating around here


long term chart and big moves

mudskippie

Wow, that's some steep slopes!

Overdate

I bought a few shares of the ETF. Coin premiums are too steep for me.

DoubleEagle59

<< <i>

<< <i>I don't really know.

Although I'm optimistic about Pd's future, I dumped my palladium about a month ago.

I got tired of the illiquid market and the huge buying premiums. >>



I bet you wished you had kept it and sold at a later date!! >>



Not really because I transferred into Gold.

OPA

<< <i>Wow, that's some steep slopes! >>



With Pd, timing is everything. As the lyrics go "You need to know when to hold them and need to know when to fold them." If you are jumping in now, you're about a year late, however, I feel that there is still further upside potential. I've started to take some profit of the table in Pd and have no problem selling it on eBay.

jmski52

I wanna like palladium, but as DoubleEagle59 points out, it's much more efficient cost-wise to eliminate the huge spread on a precious metals position if possible. Palladium is still a specialists' market until the spreads shrink to a range similar to what the other metals normally can be bought & sold.