Home› Precious Metals
Options

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

ShinyThingsInPMShinyThingsInPM Posts: 456 ✭✭
in Precious Metals
I've been observing Palladium prices doing better lately than Platinum.

Anybody knows/see any particular reason?

Comments

  • Options
    jmski52jmski52 Posts: 24,020 ✭✭✭✭✭
    This was in ZeroHedge yesterday:

    Maybe some of this data will help.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • Options
    derrybderryb Posts: 38,627 ✭✭✭✭✭
    Uncertainty with labor revolt in South African mines where most of the world supply comes from.

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

  • Options
    MetalsmanMetalsman Posts: 2,134 ✭✭✭
    Palladium will be over $850 in short order!image
  • Options
    RGJohnRGJohn Posts: 402


    << <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.
    Many, many perfect transactions with other members. Ask please.
  • Options
    tydyetydye Posts: 3,894 ✭✭✭
    The problem with palladium imo is trying to sell the stuff. Most local dealers in my area wont handle the stuff
  • Options
    WingsruleWingsrule Posts: 3,312 ✭✭✭✭
    2013 YTD:

    Gold: -0.95%
    Silver: +2.73%
    Platinum: +9.84%
    Palladium: +5.23%
    Rhodium: +4.00%
  • Options
    botanistbotanist Posts: 524 ✭✭✭
    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.
  • Options
    ShinyThingsInPMShinyThingsInPM Posts: 456 ✭✭
    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
  • Options
    derrybderryb Posts: 38,627 ✭✭✭✭✭
    blame it on silverbaron. he created a silver shortage so now palladium is hot.

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

Sign In or Register to comment.