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Thread: Ohhhh Ahhhh Ohhhh! Palladium!

  1. #341
    Unobtanium osoab's Avatar
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    Re: Ohhhh Ahhhh Ohhhh! Palladium!

    She'll be passing gold soon. Darn near 60 frn difference.
    “Democracy is also a form of worship. It is the worship of Jackals by Jackasses. It is the theory that the common people know what they want, and deserve to get it good and hard.”
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    "The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
    H. L. Mencken

  2. #342
    Dangerous Donald Neuro's Avatar
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    Re: Ohhhh Ahhhh Ohhhh! Palladium!

    Quote Originally Posted by PatColo View Post
    since '92; apparently cruising at all time high

    Nice parabolic curve since beginning ‘03. This could go vvverrrry high!
    Quote Originally Posted by singular_me View Post
    if humans dont collaborate, we all starve... money is a tool that forces people to collaborate and that is why it is a complete failure...
    Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation

  3. #343
    Dangerous Donald Neuro's Avatar
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    Re: Ohhhh Ahhhh Ohhhh! Palladium!

    With gold at $1236 and palladium at $1239 palladium is the king of PMs now. At the same time the kitco ticker got locked on yesterday.
    Quote Originally Posted by singular_me View Post
    if humans dont collaborate, we all starve... money is a tool that forces people to collaborate and that is why it is a complete failure...
    Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation

  4. #344
    Dangerous Donald Neuro's Avatar
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    Re: Ohhhh Ahhhh Ohhhh! Palladium!

    Palladium threatens gold’s reign as king of metals

    https://www.rt.com/business/445619-p...cord-gold-dim/

    Palladium prices have skyrocketed, hitting record highs over the past year due to a growing deficit of the precious metal. The auto industry, the key consumer of the metal, is expected to bear the biggest impact of rising costs.
    On Tuesday, palladium futures hit another record of $1233,82 per ounce, narrowing the price discount to an ounce of gold to the lowest margin in nearly 16 years. On Wednesday, palladium overtook gold, reaching $1,251 per ounce, as of 9:47am (GMT), while gold futures were trading at $1241 per ounce.

    Palladium has taken a 49 percent jump in price since mid-August with the Wall Street Journal calling the commodity one of the best investment assets of the year. The surge in prices for the industrial metal is reportedly caused by a higher demand from the auto manufacturing sector amid the recent shift from diesel to petrol-powered engines.

    Palladium is traditionally used in catalytic converters aimed at controlling exhaust emissions by converting toxic gases and pollutants into less-toxic pollutants. Nearly 70 percent of palladium demand comes from global carmakers, according to data compiled by commodities advisory CPM Group.

    Analysts expect the price of palladium to keep rising as high demand for the metal, especially from China which is currently fighting for a less-polluted environment, may keep supplies quite tight.

    The vast majority of the rare metal is extracted from mines in two countries. Over 80 percent of palladium global output comes as a byproduct from nickel mining in Russia and platinum mining in South Africa.

    It’s impossible to increase palladium output to meet the soaring industry demand, as the supplies heavily rely on volume of extraction of other metals, Steven Dunn, head of exchange-traded funds at Aberdeen Standard Investments told Bloomberg.
    Quote Originally Posted by singular_me View Post
    if humans dont collaborate, we all starve... money is a tool that forces people to collaborate and that is why it is a complete failure...
    Cultural Marxism: -The idea that good, hard working, white people should pay for those who are not, and thus in the name of equality create the conditions for their own genetic annihilation

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