Palladium prices seems to be strong lately - what is driving them?

ShinyThingsInPM

I've been observing Palladium prices doing better lately than Platinum.

Anybody knows/see any particular reason?

jmski52

This was in ZeroHedge yesterday:

Maybe some of this data will help.

derryb

Uncertainty with labor revolt in South African mines where most of the world supply comes from.

Metalsman

Palladium will be over $850 in short order!

RGJohn

<< <i>I've been observing Palladium prices doing better lately than Platinum.

Anybody knows/see any particular reason? >>



The markets will re-open soon but currently:
Gold $1658
Pt $1688
Pd $735
Rh $1200

So the trend suggested to me is that all of the PGMs are stronger, not just any particular one. Platinum's reversal of its recent pricing vis-a-vis gold to return to the more usual situation (pre-panic).
While gold is faltering.

Is this indicative of increasing industrial demand by recovering economies for PGMs versus declining fear-driven speculation undercutting strength for gold?
Stay tuned to this planet.

tydye

The problem with palladium imo is trying to sell the stuff. Most local dealers in my area wont handle the stuff

Wingsrule

2013 YTD:

Gold: -0.95%
Silver: +2.73%
Platinum: +9.84%
Palladium: +5.23%
Rhodium: +4.00%

botanist

The strong Palladium is due to trading based on inside info. The US mint will soon announce the American Palladium Eagle. Persons privy to that inside info are stacking.

ShinyThingsInPM

The problem with palladium imo is trying to sell the stuff. Most local dealers in my area wont handle the stuff

Ebay and Apmex are my usual venues to sell Pd, obviously you have to be ready to part with 10-15%.

However extra premium for physical usually offset some of the transaction costs

derryb

blame it on silverbaron. he created a silver shortage so now palladium is hot.