Ohhhh Ahhhh Ohhhh! Palladium!

Quote:

---

Originally Posted by chad

it's from comets. that's why i can never sell it. how cool is it to have pieces of comets laying on your desk?

---

it's better than getting hit by a comet !

Shine returns to platinum and palladium

Commentary: You don’t need gold and silver to make money


"...These are our tentative rankings for the next cycle:

• Palladium
• Major gold miners
• Platinum
• Gold
• Major silver miners
• Silver
• Junior miners

In other words, palladium may turn out to be the best performer and platinum may turn out to be the third best performer..."

the problem with Platinum & Palladium are, you are at the mercy of the market-makers (coin dealers) who might buy from you.

a lot of local coin dealers just don't buy Platinum & Palladium.


i think it's Very important for your real money to be of use in the event of a US mail shut-down.

as the anthrax attacks after 9-11 demonstrated, the US postal system makes it very easy for a shit-stirrer to fvck with the US postal system.


if you have $$ in Platinum & Palladium, and the US postal system shuts down for 3 months because of another terrorist attack, where does that leave you ?

if you choose Platinum & Palladium as personal stores of value, i think you need to pay even more attention to the "Prepper's Commandment" about having 6 months (or whatever it is) of cash on hand.

just in case you are cut off from your market for a period of time during a phase of TSHTF when US mail stops operating.


the US postal service depends on volume, and they're already losing money. what would a 20% or 50% reduction in volume do ? what if anonymous mailing became un-available for a while ?


i don't know all the details; we're talking about the future, and about possibilities, possibly remote.

but i think a prepper's precious metal 'plan' needs to take a cut-off in US mail access, into account.

Quote:

---

Originally Posted by gunDriller

the problem with Platinum & Palladium are, you are at the mercy of the market-makers (coin dealers) who might buy from you.

a lot of local coin dealers just don't buy Platinum & Palladium.


i think it's Very important for your real money to be of use in the event of a US mail shut-down.

as the anthrax attacks after 9-11 demonstrated, the US postal system makes it very easy for a shit-stirrer to fvck with the US postal system.


if you have $$ in Platinum & Palladium, and the US postal system shuts down for 3 months because of another terrorist attack, where does that leave you ?

if you choose Platinum & Palladium as personal stores of value, i think you need to pay even more attention to the "Prepper's Commandment" about having 6 months (or whatever it is) of cash on hand.

just in case you are cut off from your market for a period of time during a phase of TSHTF when US mail stops operating.


the US postal service depends on volume, and they're already losing money. what would a 20% or 50% reduction in volume do ? what if anonymous mailing became un-available for a while ?


i don't know all the details; we're talking about the future, and about possibilities, possibly remote.

but i think a prepper's precious metal 'plan' needs to take a cut-off in US mail access, into account.

---

Pd/Pt should not be you main repository of value. Usually at coin shows you can sell Pd/Pt at spot. Local dealers sometimes don't want it.

Yes Pd/Pt are worthless in SHTF scenario, but at this point it is a very interesting high inflation play...

I have not been paying attention, but Pt > Gold again. Not sure exactly when they crossed. Probably when gold dumped recently.

Quote:

---

Originally Posted by Neuro

Yes Pd/Pt are worthless in SHTF scenario, but at this point it is a very interesting high inflation play...

---

i think it depends on location. if you live near APMex or some other dealer that buys Pt/Pd, it works better.

Quote:

---

Originally Posted by gunDriller

i think it depends on location. if you live near APMex or some other dealer that buys Pt/Pd, it works better.

---

Really? No electricity, empty shelves, fiat worthless! No one would change a prolapsed cow cadaver vs a Pt/Pd coin, I think!

Not much palladium to be found on ebay. Browsing ended auctions shows mostly novelty items, Russian ballerinas, some pamp bars, stillwater rounds and a couple of Maple Leafs.
Very low premium on many coins as well.

http://www.ebay.com/itm/2011-1oz-Pal...-/151074529902

Palladium Isle of Man angel $770

Quote:

---

Originally Posted by Norweger

Not much palladium to be found on ebay. Browsing ended auctions shows mostly novelty items, Russian ballerinas, some pamp bars, stillwater rounds and a couple of Maple Leafs.
Very low premium on many coins as well.

http://www.ebay.com/itm/2011-1oz-Pal...-/151074529902

Palladium Isle of Man angel $770

---

The Pd/Silver ratio is getting pretty high. It is tempting to do a trade (Pd---> silver) right now.

Quote:

---

Originally Posted by JohnQPublic

The Pd/Silver ratio is getting pretty high. It is tempting to do a trade (Pd---> silver) right now.

---

can you actually do it as a trade (Palladium for Silver), or do you have to sell the Palladium & buy the Silver, possibly at another dealer ?

Quote:

---

Originally Posted by JohnQPublic

The Pd/Silver ratio is getting pretty high. It is tempting to do a trade (Pd---> silver) right now.

---

But silver is so boring.

Quote:

---

Originally Posted by Norweger

But silver is so boring.

---

The new APMex silver round is boring.

someone actually won a contest for designing this thing.

http://www.images-apmex.com/handlers...600&height=600

Quote:

---

Originally Posted by gunDriller

The new APMex silver round is boring.

someone actually won a contest for designing this thing.

http://www.images-apmex.com/handlers...600&height=600

---

It shows 48 stars... Does that mean Alaska and Hawaii will be saved?

Quote:

---

Originally Posted by JohnQPublic

The Pd/Silver ratio is getting pretty high. It is tempting to do a trade (Pd---> silver) right now.

---

It's at 38 to 1 right now. It wasn't too long ago that gold was trading lower than that in relation to silver! Probably is a good time to trade to silver now, but with only 1.5 ounces of Pd, I might as well hang on for the ridiculous. It has held up remarkably well though in the last months of PM slap down!

Quote:

---

Originally Posted by Neuro

It's at 38 to 1 right now. It wasn't too long ago that gold was trading lower than that in relation to silver! Probably is a good time to trade to silver now, but with only 1.5 ounces of Pd, I might as well hang on for the ridiculous. It has held up remarkably well though in the last months of PM slap down!

---

Agreed. I don't have that much Pd either. But even 10-15 oz. of Pd can lead to a monster box. That becomes tempting. On one hand if you had to travel fast, the monster box would be cumbersome to move. On the other if the running was due to SHTF, the Pd would probably not be worth that much anyway. Silver and gold would likely revert to the desired metals.

Quote:

---

Originally Posted by Neuro

http://www.kitco.com/LFgif/pd1825nyb.gif

Good to have a chart to look at. Getting ready to end its more than 2 years of consolidation now?

---

Now we may be getting close to a breakout after 3 years of consolidation? Damn this is like watching paint dry with Chinese water torture added as a bonus!
I suppose from a technical analysis standpoint a flag of this size would be ultramegabullish!

Quote:

---

Originally Posted by gunDriller

The new APMex silver round is boring.

someone actually won a contest for designing this thing.

http://www.images-apmex.com/handlers...600&height=600

---

Quote:

---

Originally Posted by Neuro

It shows 48 stars... Does that mean Alaska and Hawaii will be saved?

---

Didn't you mean 48 pentagrams?

We are at breakout point now I think! $761.... About time!!!

Quote:

---

Originally Posted by Neuro

This thread needs a chart:

http://www.kitco.com/LFgif/pd1825nyb.gif

---

Yeehaw!

I can't believe it is 5 years since I bought Pd!

Quote:

---

Originally Posted by Neuro

I can't believe it is 5 years since I bought Pd!

---

How is the market when you try & sell one ?

Quote:

---

Originally Posted by Neuro

Yeehaw!

---

This was the worst jinx... EVER!

Attachment 6097

But hey, twice the price of Platinum... I'm rich!

Quote:

---

Originally Posted by VX1

This was the worst jinx... EVER!

Attachment 6097

But hey, twice the price of Platinum... I'm rich!

---

Gold you get paid a quarter an ounce to accept, but you still go after the Pd pumper! You Bastard! ;D

Quote:

---

Originally Posted by gunDriller

How is the market when you try & sell one ?

---

Probably no-one close remembers that Pd even exists any longer...

Quote:

---

Originally Posted by Serpo

By J.C. Parets
Palladium isn't exactly the most popular commodity, or even the most popular metal. It's kind of just there, isn't it? Growing up in Miami, Florida, I had to learn the hard way that things are usually the most quiet right before the storm. It should come as no surprise that palladium has been one of the most quiet assets on earth. But I have a funny feeling that that’s all about to change. This week's breakout is one that we'll probably look back on later this year and point to it as the "aha” moment.
Enlarge Image


First, a little bit of background. If we're talking about metals, I think it's important to compare them to find out where the relative strength has been in this particular space. To the left is a two-year chart showing the performance of gold, silver, platinum, copper and palladium. With the rest of the metals getting clobbered, it's nice to see palladium behaving so well. This is the first thing that caught our attention coming into the year.
Enlarge Image


Next is the weekly chart of palladium which shows exactly why this was one of my favorite assets coming into the new year. The setup is beautiful. Since the huge rally from 2008, the price of the metal rallied over 430%. But since early 2011, prices have been digesting those gains, frustrating both the bulls and the bears and leaving people with nothing to talk about in this regard.
As a technician who focuses on market behavior, a breakout in price above this key resistance signals to me that the supply is drying up. With demand now exceeding this overhead supply, the buyers have regained control in the palladium space.
Enlarge Image


Now let’s look at a near-term chart of this supply being taken out. Isn't that nice?
In terms of a price target, we can take the size of this consolidation and add it to the breakout level. Let's call it 300 points from a breakout above 750. These are conservatives measured-move targets, but still takes us north of $1000. Percentage-wise, this is still a long way to go. But more importantly, let's remember that the secular trend here is up, and we're coming off a three-year consolidation. As they say, the bigger the base, the higher in space, and we can therefore go a lot higher than the initial 1050 target.
From a risk-management perspective, We just want to see this week's breakout hold. If prices start to fall back below the lows of the week, it would put palladium in danger of a false breakout, or at the very least a longer consolidation, so that 750 is one we want to watch.
This metal looks great, both on a relative and absolute basis. It is difficult for me to find a setup out there that I like more than this one. For someone who looks at thousands of charts, I am probably most impressed with palladium on multiple time frames.


























http://www.marketwatch.com/story/pal...own-2014-03-07

---

it's coming as I said!

Wow! $21 jump in a day. Pd moving to $800+.

It is really taking off now! Up $25 today when the rest stood pretty much still $791!

good stuff FO SHO!

http://www.kitco.com/LFgif/pd1825nyb.gif


Depending on where those peaks aroud March '13 were, today looks to have been a breakout of a cup/handle which began around Aug '11-- ~2.5 years ago. Kitco reports intraday high of $802 today.

Here's daily (note strong volume past 2 days) & weekly Pd bar graphs,
http://tfccharts.com/chart/PA_/
http://futures.tradingcharts.com/chart/PA_/W

monthly only updates at the end of trading for a given month (as weekly updates end of Fri trading), so this is through end of Feb '14,
http://futures.tradingcharts.com/chart/PA_/M

Pd's relative strength over the past ~2.5 years' PMs 'collapse' also makes it a standout. I would bet that those going long Pd here @ ~800 will be very happy 1-2 years out. Pd may have just signaled 'Groundhog's Day' for PMs, :D


Most Recent Headlines [ Complete Futures News ] Search News:

• Stock to Watch: North American Palladium Up 12.5% (PAL) Mar 21st, 2014, 13:46 - PSM (Length: 1950)
  
• American Graphite Technologies Inc. Announces Closing of $300,000 Brokered Private Placement Mar 21st, 2014, 11:04 - INW (Length: 3863)
• North American Palladium Provides Update on Reserves and Resources and Life of Mine Plan for Lac des Iles Mar 21st, 2014, 06:01 - INW (Length: 45039)
• North American Palladium Provides Update on Reserves and Resources and Life of Mine Plan for Lac des Iles Mar 21st, 2014, 06:00 - CCN (Length: 45122)
• Balmoral Outlines Multiple Conductors, Resumes Drill Testing of Grasset Ni-Cu-PGE Discovery, Detour Gold Trend Project, Quebec Mar 19th, 2014, 07:30 - INW (Length: 8637)
• Balmoral Outlines Multiple Conductors, Resumes Drill Testing of Grasset Ni-Cu-PGE Discovery, Detour Gold Trend Project, Quebec Mar 19th, 2014, 07:30 - CCN (Length: 8621)
• Exploration Drill Hole Intersects 48.6 Metres of High-Grade Platinum-Group Metals at Ivanhoe Mines' Ga-Madiba Target Mar 19th, 2014, 03:07 - INW (Length: 30891)
• Exploration Drill Hole Intersects 48.6 Metres of High-Grade Platinum-Group Metals at Ivanhoe Mines' Ga-Madiba Target Mar 19th, 2014, 03:06 - CCN (Length: 30953)
• Uptrend Call Working As Stillwater Mining Stock Rises 26.2% (SWC) Mar 17th, 2014, 18:23 - PSM (Length: 1750)
• MXT Global Adds USD/CNY and New Precious Metals to Product Offering Mar 14th, 2014, 00:33 - CLM (Length: 2381)

[ More Palladium News ]

Stillwater Mining same 2.5 year cup/handle breakout,
http://bigcharts.marketwatch.com/qui...&show=&time=12

http://bigcharts.marketwatch.com/kaa...579&mocktick=1

Quote:

---

Originally Posted by PatColo

Pd's relative strength over the past ~2.5 years' PMs 'collapse' also makes it a standout. I would bet that those going long Pd here @ ~800 will be very happy 1-2 years out. Pd may have just signaled 'Groundhog's Day' for PMs, :D

---

PALL ETFS Physical Palladium Shares (ETF) 1 year (nice gap today :)) http://bigcharts.marketwatch.com/kaa...579&mocktick=1 Since Jan '11 inception of PALL ETF, http://bigcharts.marketwatch.com/kaa...579&mocktick=1 Note, it's optionable, options chain

How about some PAL-North American Palladium Ltd. (NYSE MKT), near ~14 year lows, crazy volume this year. Was near a buck in only January, today .49 cents.

http://bigcharts.marketwatch.com/kaa...579&mocktick=1

http://bigcharts.marketwatch.com/kaa...579&mocktick=1

nice. i never evn look at the pd price anymore because it seems to never move. nice nice nice.

Quote:

---

Originally Posted by Ares

Palladium is like the Rodney Dangerfield of precious metals. It never gets any respect.


If you ask someone about precious metals, in fact, just about everyone has heard of gold and silver. And occasionally platinum.


But palladium is one of those obscure precious metals that few people think about, or even know about.


Aside from actually having its own currency code (XPD), palladium is widely used in a variety of industrial applications, from spark plugs to catalytic converters to hydrocarbon ‘cracking’ to electronic components.


And here’s something most people don’t know: most of the world’s palladium is mined in Russia.


Since October 2013, Palladium prices have had a moderate boost—about a 5.3% increase in five months.


But given what’s happening in Russia, prices could soar. In fact, with trade sanctions looming, palladium could be taken off the world market indefinitely.


As the following chart shows, palladium has just broken out to a new 52-week high and is showing strong upward momentum.






Moreover, if you look at the 5-year chart, it could be about to break out to even longer-term highs.






I would consider buying palladium today, with a stop-loss order to protect your capital, at $759. That means if the market should prove this thesis wrong, the loss would be limited to just 4%.


I think the near-term upside target is the 5-year high of $855. That’s about an 8% gain from where we are today.


An upside of 8% versus a downside of 4% makes palladium a good risk/reward trade, given that the odds of the higher-price outcome are much better than the odds of the lower-price outcome.


But if tensions between the West and Russia escalate and trade sanctions stay in place for a prolonged period, $855 could be a very conservative upside target for palladium.


The last time Russia withheld palladium supplies from world markets back in 2000, the price rose 151% from a low of $433 in January 2000 to over $1,090 an ounce by January 2001.


In a scenario like that, palladium would be an incredibly profitable trade.


One easy way to take a position in palladium is via the ETFS Physical Palladium Shares (PALL on the New York Stock Exchange).


A new physical palladium ETF sponsored by Standard Bank has also just launched in South Africa.


And Absa Bank, which already sponsors the world’s largest platinum-backed ETF, has also announced it will launch a palladium ETF called NewPalladium. It will list on the Johannesburg Stock Exchange on March 27th.


These new palladium ETF launches, coming at a time of tightening supply due to Russian sanctions, could easily add more upward momentum to palladium prices, as they will withdraw supply from the market to physically back their shares.


However, if you want to avoid the possibility of any counterparty risk, there’s no substitute for owning the physical metal yourself.


The Royal Canadian Mint has in the past minted palladium versions of its very popular and instantly recognizable Maple Leaf bullion coins.


You can also buy 1 troy ounce palladium bars from most major dealers.


http://www.zerohedge.com/news/2014-0...olled-russians

---

This may be one important reason behind Pd's breakout!

http://www.kitco.com/images/live/plad.gif

http://bigcharts.marketwatch.com/kaa...579&mocktick=1

Finally! It feels like it is over the event horizon now!

Pd:Ag = 40.2 wow.

^ JQP what's that post mean? :|~

Quote:

---

Originally Posted by PatColo

^ JQP what's that post mean? :|~

---

palladium/silver ratio

oh yeah silly me, I still get Ag & Au mixed up! The 'g' in Ag always makes me think gold!

Pd:Ag is a ratio I've never followed, or seen anyone else follow! Is there a long term chart of the ratio available? any lessons in it?

copying from my post above, check the updated charts (which I can't paste here),

Here's daily & weekly Pd bar graphs,
http://tfccharts.com/chart/PA_/
http://futures.tradingcharts.com/chart/PA_/W

monthly only updates at the end of trading for a given month (as weekly updates end of Fri trading), so this is through end of Mar '14,
http://futures.tradingcharts.com/chart/PA_/M