Ohhhh Ahhhh Ohhhh! Palladium!

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Originally Posted by osoab

To put it in perspective the silver we bought at the same time has increased 8 frns. :(

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Wohooo!

2600+

Wuhuu!

goldprice.org showing early yest AM spike to $2842

1 hour price bars: https://www.tradingview.com/x/l6GWREFg/

kitco giving the 30day high of $2786 https://www.kitco.com/charts/popup/pd0030lnb.html

again though, assume discrepancies are re bid vs ask prices, and/or "continuous contract" vs front-month, ???

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Originally Posted by Neuro

Wuhuu!

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Is the alcohol that good or that bad in S.E. Asia?

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Originally Posted by osoab

is the alcohol that good or that bad in s.e. Asia?

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lul!

Amazing. Markets tanking. Gold and silver down a little, but Pd still ramping up. Not a real market drop, more sector rotation I suspect.

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Originally Posted by JohnQPublic

Amazing. Markets tanking. Gold and silver down a little, but Pd still ramping up. Not a real market drop, more sector rotation I suspect.

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Silver is being held back because we have no ability to post silver rocket pictures. :(

Margin selloff anyone? Down to 1743 now.

Bought a boat load of silver maples today - caught the bottom too! I’ve been siting on cash waiting for this
market crash. If the pms drop further I will buy more silver and platinum. These two are outstanding bargains. Palladium has further to fall. Of course gold is always a buy because in the long run it is going much much higher. Silver is my spec play. But a drop down to $14 not impossible. Major deflation ahead.

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Originally Posted by mamboni

Bought a boat load of silver maples today - caught the bottom too! I’ve been siting on cash waiting for this
market crash. If the pms drop further I will buy more silver and platinum. These two are outstanding bargains. Palladium has further to fall. Of course gold is always a buy because in the long run it is going much much higher. Silver is my spec play. But a drop down to $14 not impossible. Major deflation ahead.

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Platinum sure looks like a bargain. Looks like it hasn't been this low in dollar terms since '03. Taking inflation into account it is even more dramatic.

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Originally Posted by woodman

Platinum sure looks like a bargain. Looks like it hasn't been this low in dollar terms since '03. Taking inflation into account it is even more dramatic.

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Platinum is selling for less than cost of production. So if one has a long term investment horizon he can't lose buying Pt at these prices. But Pt could go lower short term. If Pt drops further I will buy more. I'm retired and I'm trying to protect my nest egg which is 45 percent in cash. Cash is king now and will be for the next few weeks or months. But long term the US dollar is dead currency walking I need to convert dollars into assets that will survive through the coming collapse and monetary reset. I only trust physical PMs at this point. Real estate has two problems: it can and will drop in price and it will be taxed heavily to pay for the government largesse that is coming. Stocks are now in a bear market and will be for years to come IMHO. I don't consider cryptocurrencies a safe option for wealth preservation. Foreign currencies are worse trash than the US dollar. Going forward I think the only viable investments are PMs. a cash business, self-improvement, and useful tangibles such as guns, ammo, food and supplies, tools etc.

Bitcoin $4,700. Wow, what a plunge!

Palladium moving back up on confidence I guess.

Right now Pd 2249 Ag 14.01 ratio is at 160.51

Broke $3000 frns.

So I sold my 1.5 t oz Pd today, got $3,051 for it… Now it will probably take off and reach $10k/oz in a couple of months… ;)

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Originally Posted by Neuro

So I sold my 1.5 t oz Pd today, got $3,051 for it… Now it will probably take off and reach $10k/oz in a couple of months… ;)

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Mathematically speaking average is a market goal that is attainable consistently.

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Originally Posted by Neuro

So I sold my 1.5 t oz Pd today, got $3,051 for it… Now it will probably take off and reach $10k/oz in a couple of months… ;)

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Just curious; Factoring in inflation from the time you purchased until the sale did you make a profit? I am not selling mine.

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Originally Posted by monty

Just curious; Factoring in inflation from the time you purchased until the sale did you make a profit? I am not selling mine.

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I think I did ok it was up +550% from the price I payed 13-14 years ago and what I got yesterday. I think it would have been closer to 800% price increase if one takes into account the premiums when buying and selling, but the dealer has to make a profit too… I would have kept it longer, but I am going to Mexico next week for a 5 week holiday. Normally I would earn enough this week to pay for it, but there was a snow storm here and for 4 days I lost 70% of my normal earnings, so I sold to make up for the difference…

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Originally Posted by Neuro

I think I did ok it was up +550% from the price I payed 13-14 years ago and what I got yesterday. I think it would have been closer to 800% price increase if one takes into account the premiums when buying and selling, but the dealer has to make a profit too… I would have kept it longer, but I am going to Mexico next week for a 5 week holiday. Normally I would earn enough this week to pay for it, but there was a snow storm here and for 4 days I lost 70% of my normal earnings, so I sold to make up for the difference…

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Enjoy your vacation.

Pd appears to be overtaking the price of gas.

Best 200 frns ever given away for me.

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Originally Posted by osoab

Best 200 frns ever given away for me.

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Up $341 just this morning. Got any more you want to donate? For tax planning purposes? Or just to avoid boating accidents?

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Originally Posted by ziero0

Up $341 just this morning. Got any more you want to donate? For tax planning purposes? Or just to avoid boating accidents?

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And the PPT hammered it back down. I have no donations available at this moment. However, could I interest you in a bridge. I have a fine specimen available. Water front adjacent!

Pd about back to parity with Au...

What's up with this afternoon's spike?

And where's Neuro?!