Go palladium

trew

trew

Active Member
Silver Stacker
While gold and silver have been falling palladium is very close to its all time high

Dont have much but won't be selling my emus in a hurry



Have noticed, though, a rash of fake palladium bars currently on eBay from Aus sellers
They are all described and priced as fake but pictures show the bars themselves have no markings as being copies or fakes
Be very careful buying palladium bars
 
About 2 weeks ago, I traded my palladium 1oz coins for gold.

Therefore, I believe I am to blame for a subsequent rally in palladium price.

It's always the way :/
 
having liquidity problem here locally in my town, trying to swap 1 oz pamp pd for 1 kilo of silver...
there has been no interest so far after a month :)
 
mmissinglink said:
Down on yer knees palladium!! This drop was to be expected of course.
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Haha yeah. That drop was expected.

Good thing I didn't buy any palladium or platinum! :D

But I did buy silver. :/
 
Precious metals at their multi-year low It's buy time!! Think of it like this, even if the price drops after you bought some, in the long term the prices are certain to climb higher than the current level.
 
Palladium's been in a technical downtrend (lower peaks, lower troughs) for 5 months, but is easily my current favourite precious metal chart from long term perspective. It is relatively stronger than platinum, which of course has been stronger than gold or silver.

The 10 year chart shows how the US$580 level was critical for Palladium. It broke through at the third attempt in Oct 2010, then returned to test $580 before moving to the current price.

Palladium looks a bit like it is trying to break above its current downtrend. A break above $750 would look good, a break above $780 or so very good, a break above its all time high would then be a chance for big potential.

Obscure thoughts are a sloping head & shoulders reversal or maybe a cup continuation

Just my notion of potential, because I'm not sure it won't return to $580 again.

pd3650lf_ma.gif
 
finicky said:
Palladium looks a bit like it is trying to break above its current downtrend. A break above $750 would look good, a break above $780 or so very good, a break above its all time high would then be a chance for big potential.
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It would take a mighty leap to break above the all time high, it was close to $1100 back in January 2001.
 
oasis said:
it was close to $1100 back in January 2001.
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Didn't know that, chart limitations, but $1100 would be well within my conceivable target if the barriers mentioned in the 10 year chart are broken through. Sounds like BS I guess, and might be, but just giving my impression of the LT chart. It just looks possible. Maybe in the context of an explosion in gold and silver prices? Maybe a Pd supply crisis for industry?
 
I'm also thinking about investing some money into palladium. I think that has potentital to grow. :cool: :)
 
I had no idea it had that kind of price action before 2003 either

Always wondered why the Perth Mint stopped making the palladium emus after 1998 - that explains it !



In the run up to 2000, Russian supply of palladium to the global market was repeatedly delayed and disrupted because the export quota was not granted on time, for political reasons. The ensuing market panic drove the palladium price to an all-time high of $1,100 per troy ounce in January 2001. Around this time, the Ford Motor Company, fearing auto vehicle production disruption due to a possible palladium shortage, stockpiled large amounts of the metal purchased near the price high. When prices fell in early 2001, Ford lost nearly US$1 billion.
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http://en.wikipedia.org/wiki/2000s_commodities_boom
 
Look at 2009!
When everyone has headed for the door, time to walk in and buy.
...and 2009 certainly wasn't a safe time to leave your cash in a bank!
 
I think it'll be a very narrow window in which first platinum will peak, and then fall as alternatives like palladium come to the fore... and then rapidly peak itself and become so expensive other alternatives are sought.

The nobel metals aren't the only catalysts known to chemists.

And catalysing reactions aren't the only way to 'reduce' unwanted compounds. Titanium Dioxide & Magnesium Oxides are also showing promise as are heated ceramic & graphite nano grids.
 
Clawhammer said:
I think it'll be a very narrow window in which first platinum will peak, and then fall as alternatives like palladium come to the fore... and then rapidly peak itself and become so expensive other alternatives are sought.

The nobel metals aren't the only catalysts known to chemists.

And catalysing reactions aren't the only way to 'reduce' unwanted compounds. Titanium Dioxide & Magnesium Oxides are also showing promise as are heated ceramic & graphite nano grids.
Click to expand...

Claw I had an email discussion with Rick Rule from Sprott as regards the alternates ESP graphene impregnated with cobalt. All these alternate agents are either ridiculously expensive or don't work in the real world. Rick felt we were a very long way from viable alternate catalysts. Certainly in the next decade we will be using noble metals.

I think the PGMs are a fantastic bet in the near future. The Pt/pd content for 1 car is currently $200 if that doubled to $400 so what in a car costing 30k. Not worth a major reinvention at this time.
 
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