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Now isn't this a beauty?
http://www.kitco.com/LFgif/pd1825nyb.gif
It has broken out of it's gigantic cup and handle formation, and today it appears it has decisively broken the 600 barrier, with a high today of 624, right now trading at 610. Next stop $1000/ounce!?!
if it hits $1,000, i'm selling it and paying off my house.
I grabbed a single ounce when was 180.00 roughly (cost me 220.00), wish I had the 2,200 for that 10 oz bar my dealer was taunting me with. As with some here I am holding it for cold fusion just in case but will prob trade it for silver if/when it hits 1,000.
Another extraordinary day for Pd right now up $20 to $628...
CFTC announced that there is fraud in silver (surprise, surprise). This may be breaking everything free.
I also bought my only ounce at that range.Quote:
Originally Posted by Plastic
Late 08 or early 09. Best damn idea I have probably had to date.
Keep kicking myself for not picking up more. Oh well.
Quote:
Originally Posted by osoab
Yup, I shoulda put that damned bar on my credit card.
Friggen hindsight......
http://www.kitco.com/reports/KitcoNe...s20101027.html
Barclays Capital says labor-related supply disruptions have the potential to widen its forecast for the supply/demand deficit in the palladium market. In its daily report, Barclays cites improving industrial and strong investor demand. On the supply side, the bank cites improvement in Aquarius Platinum’s output for platinum and palladium in the early part of the fiscal year that ends next June 30, but maintains fiscal-year 2011 production guidance. However, the National Union of Mineworkers says more employees have joined a four-week strike at the Anglo Platinum and Xstrata Matotolo mine. “Given the ongoing recovery in underlying PGM demand, and our expectations for only modest mine supply growth this year and next, supply disruptions are likely to deepen our forecasted market deficit.”
Do you only owe 5000 on your house, or did you increase your holdings in secret?... 8)Quote:
Originally Posted by chad
Won't be much demand for Palladium when soon most Americans are jobless and homeless and carless.Quote:
Over half of the supply of palladium and its congener platinum goes into catalytic converters, which convert up to 90% of harmful gases from auto exhaust (hydrocarbons, carbon monoxide and nitrogen oxide) into less harmful substances (nitrogen, carbon dioxide and water vapor).
[img width=600 height=406]http://cache.boston.com/universal/site_graphics/blogs/bigpicture/recess_03_18/r32_18254339.jpg[/img]