Curious, and I know this has probably been discussed before... Take the 2018 Palladium American Eagle ; what happens to the premium as spot price rises? Does it increase too, or disappear? Asking for a friend
And they tend to be melted as they continue to rise in spot.
Why look for a dedicated buyer when you have a smelter.
Which reduces the overall number but how would you ever know?
I read it takes around 100 tons of hard Nickel ore to mine 1 ounce of Pt and Pd.
Should have bot more back in 2000. I remember $400 for Pt at the coin shows.
Meanwhile, palladium was up 0.2% at $1,769.73 an ounce, after hitting an all-time high of $1,783.21 earlier in the session.
"The risks of increased supply or of demand substitution are low in the short term, leaving the market structurally tight. This is conducive to higher prices in the medium term," ANZ said in a note.
Palladium is crucial in the making of catalytic converters used in exhaust systems of vehicles, and concerns over its supply running out have helped lift prices by more than 41% this year alone, despite a weakening auto sector.
Platinum fell 0.2% to $881.43 per ounce and silver rose 0.2% to $17.42.
Palladium soared on Monday to hit $1,800 an ounce for the first time ever, extending a record run triggered by a stark supply shortfall, while gold fell nearly 1% on optimism surrounding a U.S.-China deal that pushed stocks to a fresh peak.
Palladium rose 2.1% to $1,799.59 per ounce as of 11:18 a.m. EDT, having hit a record high of $1,804.08.
The metal has climbed about 43% so far this year.
"There's just a persistent, continuing shortage of the metal," said Tai Wong, head of base and precious metals derivatives trading at BMO.
"The sharp rally does suggest a correction at some stage but the outlook is robust. Palladium could even hit $2,000 next year; perhaps even higher, but the path is unlikely to be smooth."
Gaping supply shortages will see palladium cement its price premium over platinum next year, a Reuters survey showed.
Chiefly used in vehicle exhausts to reduce harmful emissions, platinum is favoured for diesel engines and palladium is preferred for gasoline engines.
"There's just a persistent, continuing shortage of the metal," said Tai Wong, head of base and precious metals derivatives trading at BMO.
"The real continuing pressure remains those foolish governments continuing to mint palladium coins and bars when industrial users are being squeezed," he added.
"Once the physical metal 'collectors' are priced out, then real price discovery can begin," said Bachman of BTO.
excellent stuff from Bachman of BTO! He's really taking care of business!
I think there is limited upside after the run up over the last year for PD.
I just sold all of the employee stock purchase plan shares (ESPP) in my eTrade account a few minutes ago, so I have around $8,000 to fool around with. Any recommendations ?
It’s my wife company (financial services) and it’s not doing great right now. Earnings are being reported next week.
Stock is down this year, insiders have net sold shares over the last quarter or two and there have been about 400 layoffs in her division of 2,700 since May. Since she (we) gets to purchase the stock on the lower of the first/last day of the quarter and at a 15% discount, we’re still making free money.
This is play around money for us, so I’m going to teach her how to read a stock quote, execute trades and other “101” stuff. Will probably split the money in half and do a little competition to get her interested.
I expect it's a combination of the perceived partial thaw in the US/China tariff war, and the strong retail sales numbers that were reported for the Christmas season.
asheland
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still a $500 spread and no one wants the stuff when the music stops.
hard pass
well, I'm gunna party like it's 1999
Where is the “cranky” LOL when you need it?
Curious, and I know this has probably been discussed before... Take the 2018 Palladium American Eagle ; what happens to the premium as spot price rises? Does it increase too, or disappear? Asking for a friend
huge premiums on collectible bullion decrease with increasing bullion price.
they can also, but not always, naturally shrink over time. this is what I'm thinking will happen to the APdE's
And they tend to be melted as they continue to rise in spot.
Why look for a dedicated buyer when you have a smelter.
Which reduces the overall number but how would you ever know?
Biiiggggg Webbbbb !!!
Sorry I'm okay....
It's all about what the people want...
Dang! $1773 right now!
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(Not mine) but it’s crazy to think that’s over 7 grand right there:
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this is fun yet.
Yes that package of four Maple Palladium’s would’ve cost you under $1600 a short time ago. She’s looking awful pretty now.
Looks like Spot is about to put a Pd fork into $1800.
I read it takes around 100 tons of hard Nickel ore to mine 1 ounce of Pt and Pd.
Should have bot more back in 2000. I remember $400 for Pt at the coin shows.
100% Positive BST transactions
I wouldn’t be surprised to see 1800 this week!
My YouTube Channel
I expect a pullback in the next couple of days
From CNBC today:
Meanwhile, palladium was up 0.2% at $1,769.73 an ounce, after hitting an all-time high of $1,783.21 earlier in the session.
"The risks of increased supply or of demand substitution are low in the short term, leaving the market structurally tight. This is conducive to higher prices in the medium term," ANZ said in a note.
Palladium is crucial in the making of catalytic converters used in exhaust systems of vehicles, and concerns over its supply running out have helped lift prices by more than 41% this year alone, despite a weakening auto sector.
Platinum fell 0.2% to $881.43 per ounce and silver rose 0.2% to $17.42.
how do we make money on paper palladium here? Anyone doing any ETF trades ?
there is pall
short it
my broker would let me short it. i just tested it.
the near, immediate term overbought situation has cleared. where it goes is biased up, but that doesn't mean it goes straight up from here.
buy high, sell low (not)
From CNBC this morning:
Palladium soared on Monday to hit $1,800 an ounce for the first time ever, extending a record run triggered by a stark supply shortfall, while gold fell nearly 1% on optimism surrounding a U.S.-China deal that pushed stocks to a fresh peak.
Palladium rose 2.1% to $1,799.59 per ounce as of 11:18 a.m. EDT, having hit a record high of $1,804.08.
The metal has climbed about 43% so far this year.
"There's just a persistent, continuing shortage of the metal," said Tai Wong, head of base and precious metals derivatives trading at BMO.
"The sharp rally does suggest a correction at some stage but the outlook is robust. Palladium could even hit $2,000 next year; perhaps even higher, but the path is unlikely to be smooth."
Gaping supply shortages will see palladium cement its price premium over platinum next year, a Reuters survey showed.
Chiefly used in vehicle exhausts to reduce harmful emissions, platinum is favoured for diesel engines and palladium is preferred for gasoline engines.
1798 right now. 2 grand looks almost certain!
My YouTube Channel
excellent stuff from Bachman of BTO! He's really taking care of business!
Foolish rabbits; I say keep it up Mint’s.
Palladium at $1,725...…………….is so, so yesterday.
(Too bad I don't own any)
I knew it would happen.
$1810 now!
My YouTube Channel
I am disappointed Pd was not up with gold today. I wanted to see how far over 1800 it could go
I think there is limited upside after the run up over the last year for PD.
I just sold all of the employee stock purchase plan shares (ESPP) in my eTrade account a few minutes ago, so I have around $8,000 to fool around with. Any recommendations
?
Why did you sell?
Knowledge is the enemy of fear
I'd recommend a cash cushion for life's little curveballs.
I knew it would happen.
It’s my wife company (financial services) and it’s not doing great right now. Earnings are being reported next week.
Stock is down this year, insiders have net sold shares over the last quarter or two and there have been about 400 layoffs in her division of 2,700 since May. Since she (we) gets to purchase the stock on the lower of the first/last day of the quarter and at a 15% discount, we’re still making free money.
This is play around money for us, so I’m going to teach her how to read a stock quote, execute trades and other “101” stuff. Will probably split the money in half and do a little competition to get her interested.
Platinum appears to be making a for-real move up. Been awhile since it's threatened $950.
Here's a warning parable for coin collectors...
Platinum appears to be making a for-real move up. Been awhile since it's threatened $950.
Relative to the other metals, I still think that platinum is a bargain. Probably silver is too.
I knew it would happen.
I agree on platinum being a bargain particularly at $800 where I bought a little Pt Dragon.
$1922 palladium
1935 now. I bet 2 grand by Christmas.
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it was 1950 for a split second
Wow does this make the 2007 and even the 2008 Palladium Eagles a bargain (at original or early pricing)!
palladium $1,948 now
platinum $931
wow.
I knew it would happen.
$1,961 this morning. That figures, since I own none.
I knew it would happen.
Norlisk Nickel is the World's largest producer or Pd and pays a nice dividend around 10%.
Has been moving up nicely. GLTA
100% Positive BST transactions
$1981 and rising. Now we are just ticking off the years we’ve all lived through.
⚠️ Market Alert ⚠️ Gold over $1,510 | Silver over $18 | Palladium over $1,900
I noticed that. What's going on? Is it an end of year thing?
Worry is the interest you pay on a debt you may not owe.
I expect it's a combination of the perceived partial thaw in the US/China tariff war, and the strong retail sales numbers that were reported for the Christmas season.
Here's a warning parable for coin collectors...
Mr Poole, wouldn't those two factors make the USD appear stronger & drive the price of metals lower?
I'm confused.
No rhyme. No reason. They go up because they feel like it. They go down to hurt my feelings.
this will still be a boring and dismal pm at $10,000 an ounce ,
yawn