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Pd dangerously close to $500

WeissWeiss Posts: 9,941 ✭✭✭✭✭
in Precious Metals
I suspect $500 will trigger a bunch of selling. Hell, I'm even considering it.
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 ✭✭✭
    time to sell.... APMEX is buying.
    "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)
  • SilverBaronSilverBaron Posts: 767 ✭
    I suspect $500 will trigger a bunch of selling

    Agreed ...... Just like gold at $1000.



    APMEX is buying.

    So am I. Please PM with all offerings. image
    Silver Baron
    ********************
    Silver is the mortar that binds the bricks of loyalty.
  • PreTurbPreTurb Posts: 1,193 ✭✭✭
    I honestly can't decide whether to sell or buy palladium. Some psychological disorder I have makes me want to hold PM's in round number amounts (10, 50, 100, 500, 1000, ect). So my disorder tells me I either need to sell 10 or buy 40. Can't decide what to do.
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    It's human psychology that it's hard to sell when prices are going up... but no one wants to buy when prices are falling.
    "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)
  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    The recently-launched palladium ETF may be adding to demand and helping support the price.

    My Adolph A. Weinman signature :)

  • MeltdownMeltdown Posts: 8,789 ✭✭✭✭✭
    Someone around here has 2 ounce for sale at current spot. image

    Click on this link to see my ebay listings.

  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    Since they announced the ETF, I don't think Palladium has been below $400.

    Edited to add -- this chart is instructive:

    image
    "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)
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    all of a sudden, there are a bunch of palladium bars for sale on the bst forum. image

    Liberty: Parent of Science & Industry

  • KameoKameo Posts: 207
    You might be right Weiss, it could trigger a swing. Pd has been moving good. It didn't take long to go from 300 to 490. We could be pushing 600 within the next few months. Nickel has been on a tear as well.

    I just purchase a maple round on the BST last week. Selling at this point hasn't even entered my mind. I'm koo koo for palladium. image

  • CiccioCiccio Posts: 1,405 ✭
    Speaking of which...

    Does anybody know if the RCM is going to produce the 2010 Palladium Maple Leaf?
    What about the UHR?
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    Don't know about the Maple Leaf, but I believe the Palladium UHR has been shelved.

    BTW as of this AM: PALLADIUM 04/02/2010 00:59 491.00 499.00 +2.00

    Getting so close to 500
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>It's human psychology that it's hard to sell when prices are going up... but no one wants to buy when prices are falling. >>




    Thats exactly when I buy PM's. I LOVE watching the metals take a pounding on wall street!
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