Pd was a very good indicator of market CRASH as in March 2000 stocks ...Pd Peak out 1000+ the market crashed after that peak now we are looking at a peak again 2875? or 3000 etc and a CRASH will be on hand again 2020 ???
Palladium seems to be crashing. Popped 2 oz pt. Fun buy. Just in case it shoots up back, at least I don’t feel even more silly. Don’t dare to buy more as it will still collapse. Again, I’m looking at a 5-10 years investment time frame. Meanwhile I haven’t got any gold and silver since the big crash. Feel that pt is the cheapest. I have the feeling that if Pd and Rh really crashes, pt will rise.
Pt just spiked 4% in less than half an hour. A major miner closed a refinery. 900,000 oz gone for this year, just like that. Annual production is 6 million oz so 15% of production gone for this year. https://www.nasdaq.com/articles/ang...es-force-majeure-cuts-2020-outlook-2020-03-06
A lot of things are starting to look oversold. This clearly is. I guess Manhattan is freaking out a bit. Very tempting to pull the trigger but will wait for the US open to see where it’s going.
coins prices never drop... spots may crashed, but premium stays the same, due to high demand...prices went up instead.
I decided not to buy ETF. Love physical platinum too much. If I can’t get it at the usual premium, I won’t buy.
By the way, Malaysia total lock down. No entry and exit for 2 Weeks. I’ll be searching the supermarket instead. Metals is 2nd priority.
may be spot Pt can drop to 400 with spot at 600, bar premium is just no buy it could be worst when spot 400 ??? 12.5% could be more reasonable then or 7% there are very limited canned meat here, most likely people buy fresh meat here or frozen meat ?
If spot drop to 400, I'll be buying PPLT instead of bar. I haven't bought PPLT, only SLV and silver mines.
The strategy of diversification seems like a smart one to me. It's why I've been adding small amounts of Platinum, including numismatic Platinum coins, to my holdings over the past few years.