can explain why pd is down $41???????

[chad]

wtf :(

[osoab]

I figured you bought some. :D

[madfranks]

Bad stock market??

http://www.marketwatch.com/story/metals-and-mining-equities-under-the-scanner---bhp-billiton-north-american-palladium-cliffs-natural-resources-stillwater-mining-and-walter-energy-2015-01-14


North American Palladium Ltd's stock plummeted 8.05%, to close Tuesday's session at $0.17, after oscillating between $0.17 and $0.21. The stock recorded a trading volume of 6.06 million shares, much above its three months average volume of 2.18 million shares. Over the previous three trading sessions and the last one month, North American Palladium Ltd's shares have surged 24.79%, each. However, the stock has plummeted 74.68% in the last one year. The company's stock closed above its 50-day moving average. The stock's 200-day moving average of $0.24 is above its 50-day moving average of $0.14. Further, North American Palladium Ltd's stock has an RSI of 70.65.

[chad]

now $49. with all f this russia drama, pd should be going up, not down.

[gunDriller]

Copper down BIG.

http://www.kitcometals.com/charts/copper.html

[Sparky]

now $49. with all f this russia drama, pd should be going up, not down.

"should be". Ha, that's always a funny expression when talking about market behavior. ;)

[Serpo]

er its grouped in amongst the precious metals.............there is a rumor going around that manipulation is taking place.................

[gunDriller]

"From what I can see the big culprit however was this was the last trading day for options associated with tomorrow’s expiring February WTI crude oil contract. There as an extremely large number of options, both puts and calls, between $44 and $50 in there and the closing of those positions had money flowing all over the place.

The result was a huge rash of short covering in the futures as the upside stops got nailed, which is what the bottom fishers have been after for some time now. All of that forced buying sent crude oil futures tearing higher and led to the largest one-day percentage gain in more than two years!

I still think it is too early to call a long term bottom in this market however. The market was so oversold that it could experience one of these ferocious short covering rallies at any moment. Now that we have had, the question is who is going to want to chase oil prices higher up here?

I have a lot on my plate this afternoon but did want to make a quick note in reference to that commentary I posted on the BIG REVERSAL DAY yesterday in the HUI. It did indeed experience downside follow through today. That puts the onus on the bulls to prove their mettle. I will try to get some charts up a bit later on today to note some potential support areas on that index. That weakness seemed to soften up gold a bit which once again held pretty well today all things considered.

Quick note – as bad as copper was blasted today, palladium futures were also obliterated. It dropped over $40 today. Platinum was also pressured lower. All of the industrial metals were hit as were those stocks that mine them.

It is going to be interesting to see what happens in Asia overnight with copper. From what I could tell from last night’s rout in the red metal, a lot of big players were blown out as there was some serious money lost last night in the base metals. whenever you see prices moving like that, someone is in trouble in a big way."

from Norcini.


He gave me a 2 week pass to his new website. he's charging $399 per year. That seems like a lot.


very interesting. oil up big. palladium down big. copper down big.


Obama still sucks big.

[Serpo]

Bo Polny reckons this is last day for entry point before prices break out across the board.................

[gunDriller]

Bo Polny reckons this is last day for entry point before prices break out across the board.................

break out up or break out down ?


or brake dance ?


https://www.youtube.com/watch?v=J3SlEc059EI


didn't mean to de-rail the thread, but that reminds me of Capoeira fighter & Martial Artist Lateef Crowder


https://www.youtube.com/watch?v=moReN9l2ap0


i would not mind AT ALL if Palladium became more widely market-maker-ed.

coin dealer = market maker.


but you're pretty stuck using mail & getting paid by check to get a decent margin for Pd.

still very pretty though.


is there any quality in which Palladium is prettier than the other white metals ?

[Serpo]

http://gold-silver.us/forum/attachment.php?attachmentid=7197&stc=1







Palladium depends a lot on catalytic converters being required...........






Over half of the supply of palladium and its congener (http://en.wikipedia.org/wiki/Congener_%28chemistry%29) platinum goes into catalytic converters (http://en.wikipedia.org/wiki/Catalytic_converter), which convert up to 90% of harmful gases from auto exhaust (hydrocarbons (http://en.wikipedia.org/wiki/Hydrocarbon), carbon monoxide (http://en.wikipedia.org/wiki/Carbon_monoxide), and nitrogen dioxide (http://en.wikipedia.org/wiki/Nitrogen_dioxide)) into less-harmful substances (nitrogen (http://en.wikipedia.org/wiki/Nitrogen), carbon dioxide (http://en.wikipedia.org/wiki/Carbon_dioxide) and water vapor (http://en.wikipedia.org/wiki/Water_vapor)). Palladium is also used in electronics, dentistry (http://en.wikipedia.org/wiki/Dentistry), medicine (http://en.wikipedia.org/wiki/Medicine), hydrogen purification (http://en.wikipedia.org/wiki/Hydrogen_purification), chemical applications, groundwater treatment and jewelry. Palladium plays a key role in the technology used for fuel cells (http://en.wikipedia.org/wiki/Fuel_cell), which combine hydrogen and oxygen to produce electricity, heat, and water.

http://en.wikipedia.org/wiki/Palladium

[mick silver]

are you saying that car sales are down

[Serpo]

are you saying that car sales are down

No its just that palladium depends too much on one thing

[palani]

Russia owns all Pt and Pd metal mines in S Africa, the USA and Russia. They have tried to do with the platinum group metals what De Beers did for the diamonds. Now that the Russian economy is tanking they have to be looking for sources that cashflow and Pd/Pt are within their reach.

The Russians tanked the Pd market 15 years ago when it was at its high of $1,100 in order to buy Stillwater Mining. That act of bringing 80,000 oz out of storage and into the market tanked Pd down to the $180-$200 level for quite a few years.