Platinum vs Palladium.

Discussion in 'General Precious Metals Discussion' started by wilspeak, Dec 3, 2018.

  1. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    5,843
    Likes Received:
    537
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    oh just how they got it so WRONG 2-5 years back

    https://www.yahoo.com/news/platinum-upgrade-golden-status-seen-monetary-alchemy-095601258.html

    Platinum upgrade to golden reserve status seen as monetary alchemy

    https://www.ibtimes.com/platinum-ma...s-hedge-against-gold-whatever-happens-1414478

    Platinum May Be Best Bet Among Precious Metals, And A Hedge Against Gold, Whatever Happens: Industry Specialist

    https://sputniknews.com/business/201811251070116953-russia-south-africa-platinum-agreement/

    Platinum Club: Russia, S Africa Solidify Control Over 80% of Key Precious Metal
     
  2. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    5,843
    Likes Received:
    537
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    Palladium threatens gold’s reign as king of metals
    https://on.rt.com/9jub




    [​IMG]

    Palladium prices have skyrocketed, hitting record highs over the past year due to a growing deficit of the precious metal. The auto industry, the key consumer of the metal, is expected to bear the biggest impact of rising costs.
    On Tuesday, palladium futures hit another record of $1233,82 per ounce, narrowing the price discount to an ounce of gold to the lowest margin in nearly 16 years. On Wednesday, palladium overtook gold, reaching $1,251 per ounce, as of 9:47am (GMT), while gold futures were trading at $1241 per ounce.

    Palladium has taken a 49 percent jump in price since mid-August with the Wall Street Journal calling the commodity one of the best investment assets of the year. The surge in prices for the industrial metal is reportedly caused by a higher demand from the auto manufacturing sector amid the recent shift from diesel to petrol-powered engines.

    Palladium is traditionally used in catalytic converters aimed at controlling exhaust emissions by converting toxic gases and pollutants into less-toxic pollutants. Nearly 70 percent of palladium demand comes from global carmakers, according to data compiled by commodities advisory CPM Group.

    Analysts expect the price of palladium to keep rising as high demand for the metal, especially from China which is currently fighting for a less-polluted environment, may keep supplies quite tight.

    The vast majority of the rare metal is extracted from mines in two countries. Over 80 percent of palladium global output comes as a byproduct from nickel mining in Russia and platinum mining in South Africa.

    It’s impossible to increase palladium output to meet the soaring industry demand, as the supplies heavily rely on volume of extraction of other metals, Steven Dunn, head of exchange-traded funds at Aberdeen Standard Investments told Bloomberg.
     
  3. Bullion_ron

    Bullion_ron Active Member Silver Stacker

    Joined:
    Apr 17, 2017
    Messages:
    441
    Likes Received:
    191
    Trophy Points:
    43
    Location:
    Sydney, Australia
    Yeah I'm kicking myself for not buying Palladium at ~$800
     
  4. leo25

    leo25 Well-Known Member Silver Stacker

    Joined:
    Jun 8, 2010
    Messages:
    2,470
    Likes Received:
    528
    Trophy Points:
    113
    Location:
    Sydney
    well that only guarantees the price will drop hard. :p
     
    milled likes this.
  5. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    5,843
    Likes Received:
    537
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
  6. milled

    milled Member

    Joined:
    Dec 4, 2018
    Messages:
    40
    Likes Received:
    6
    Trophy Points:
    8
    analysts are party hacks and all should be regarded coldly

    many are brightly coloured parrots

    in the end, the malinverstment such dishonesty creates will come back like a boomerang to anyone foolish enough to take their word for it

    they are far too often biased AF
     
  7. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    5,843
    Likes Received:
    537
    Trophy Points:
    113
    Location:
    Pulau Alor ;)
    on daily chart
    the technical chart is drawn
    hammer with long handle
    bearish engulfing

    but weekly speak of cornered shorty

    wait for a dozen weeks...we shall see the real outcome

    message from Russia ring the ...bell , Campbell had fled
     

Share This Page