Platinum vs Palladium.

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

  1. alor

    alor Well-Known Member Silver Stacker

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    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

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    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 Well-Known Member Silver Stacker

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    Yeah I'm kicking myself for not buying Palladium at ~$800
     
  4. leo25

    leo25 Well-Known Member Silver Stacker

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    well that only guarantees the price will drop hard. :p
     
    milled likes this.
  5. alor

    alor Well-Known Member Silver Stacker

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  6. milled

    milled Active Member

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    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

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    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
     
  8. alor

    alor Well-Known Member Silver Stacker

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    leo25 and sgbuyer like this.
  9. leo25

    leo25 Well-Known Member Silver Stacker

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    Buying Palladium now is like buying apartments in Western Sydney :p
     
  10. alor

    alor Well-Known Member Silver Stacker

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    its ok to buy with a click of a mouse, and be able to sell with a click of a mouse
    if you want that staff and then let them go, then you need to bring them to malachii who is willing to take them from you

    it does not change the fact that a lot of smart people were lining up to buy Western Sydney apartments
    not sure it is as easy to just sell out to no buyer market

    it is not the case for palladium market,
    there will be a short squeeze and there is not going to be much seller left,
    Russia is not selling their stock piles, as they are accumulating gold

    well who has ever hold a 3kg Russian Palladium here ??
     
  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Wow, u got a 3kg palladium?
     
  12. alor

    alor Well-Known Member Silver Stacker

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    no, it is just in the picture, we never get to see the Russian bars...it is inside their big safe.
     
  13. DSK

    DSK Active Member Silver Stacker

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    Palladium is rarer than platinum....doesn’t tarnish...can absorb up to 900 times its volume of hydrogen, its being looked at as water purifiers.....is a harder metal than platinum...
     
  14. alor

    alor Well-Known Member Silver Stacker

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    close to parity again
    gold palladium
    1336 1334
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    High pd prices is the only reason why pt miners haven’t gone bust.
     
  16. alor

    alor Well-Known Member Silver Stacker

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    Gold Tests Resistance...Again. Will The Sixth Time Be The Charm?
    Pt testing support
     
  17. alor

    alor Well-Known Member Silver Stacker

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  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Pd now a gamble. Pt looking really attractive and the labour issues in South Africa practically put a base on it. Maybe I should have been bolder 2 months ago? Still got chance to get it at $800 again?
     
  19. alor

    alor Well-Known Member Silver Stacker

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    Pt down move is not complete ... -1.22% a day, is not much better than -1.26% drop in Pd
    Gold is uptrend
    Pd is just pull back
    Silver side way

    Pt and Silver charts looks so familiar similar
    but support for silver is moving higher, while Pt support is getting lower; compared to theirs previous supports

    $680 Pt ???
     
  20. leo25

    leo25 Well-Known Member Silver Stacker

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    How much further can Palladium go? Will be almost $2000 USD soon! At what point does the auto industry start looking at Platinum again since it's half the price.

    I guess the high Palladium price shows ICE cars are still very popular, unlike electric cars.

    Screenshot_2019-12-13 Futures Palladium Chart Monthly.png
     
    Last edited: Jan 9, 2020

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