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Thread: Ohhhh Ahhhh Ohhhh! Palladium!

  1. #21
    DMac
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    Re: Ohhhh Ahhhh Ohhhh! Palladium!

    Wondered the same thing Horn, it is an odd looking chart.

  2. #22
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    Re: Ohhhh Ahhhh Ohhhh! Palladium!

    Quote Originally Posted by Horn
    Why does the Palladium chart look like a seismograph? :imskerd:

    Because it is about to erupt! :boom


    Lets wait for that 2008 high of 580$ for the pull back. If it can hold strong, 600$ will be its next target, after that...........
    Be cool,<br />Answer2me

  3. #23
    Administrator JohnQPublic's Avatar
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    Re: Ohhhh Ahhhh Ohhhh! Palladium!

    Quote Originally Posted by Horn
    Why does the Palladium chart look like a seismograph? :imskerd:

    I think because you need to bid in specific sized increments (maybe $1), i.e., if Pd is $541.00, the next bid is $542.00, not $541.01 . This makes each new bid look like a step instead of a smooth curve upwards.
    "What Difference, at this time, does it make?"

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    "Because you'd be in jail"

  4. #24
    Frog Leg Whisperer chad's Avatar
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    Re: Ohhhh Ahhhh Ohhhh! Palladium!

    rock on! to my 5 ounces of pamp pd!

  5. #25
    Dangerous Donald Neuro's Avatar
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    Re: Ohhhh Ahhhh Ohhhh! Palladium!

    Quote Originally Posted by chad
    rock on! to my 5 ounces of pamp pd!
    you rich bastard!
    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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    Re: Ohhhh Ahhhh Ohhhh! Palladium!

    DON'T HATE THE PLAYA, HATE THE GAME.

  7. #27
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    Re: Ohhhh Ahhhh Ohhhh! Palladium!

    http://finance.yahoo.com/news/Consen....html?x=0&.v=1

    Consensus Appears to Be Emerging on Palladium Outlook

    COLUMBUS, MT--(Marketwire - 04/15/10) - STILLWATER MINING COMPANY (NYSE:SWC - News) today commented that a consensus appears to be forming around the tightening market outlook for palladium supplies. The company issued a press release last week in conjunction with the mailing of its Annual Report to Shareholders in which it quoted the company's chairman and CEO, Frank McAllister, as saying, "a fundamental palladium market deficit potentially lies directly ahead which will leave incremental palladium supply reliant on existing stocks, recycling supply, ... and still [will fall] short of meeting demand." Included in the company's Annual Report is a section entitled, "The Case for Palladium" which elaborates on the supply and demand factors which contribute to the company's view.

    On Tuesday, Bloomberg quoted Neville Nicholau, the chief executive officer of Anglo Platinum Ltd. -- the largest South African PGM producer -- noting, "Palladium may be in deficit for most of the next decade as Russia depletes inventories and uses for the metal increase." Anglo Platinum produces 21 percent of the world's palladium output.

    Similarly, Derek Engelbrecht, marketing group executive of Impala Platinum, in February of this year commented that he expected the palladium market to swing from a surplus of 305,000 ounces in 2009 to a deficit of 810,000 ounces in 2010. He also projected that the palladium price could double over the next five years -- the palladium price at the time he made this comment was about $430 per ounce, compared to $545 per ounce Wednesday afternoon in London.

    And the president of Audi America, Johan de Nysschen, was quoted in Automotive News on Tuesday as saying the carmaker is "short of everything" in the U.S., referring to a sharp rebound in 2010 auto sales. Commenting on this remark, Automotive News noted, "...one of our strongest convictions this year is for a rebound in auto-related PGM demand as worldwide vehicle production rises, forcing a restocking of the metal inventories run down in 2009. The Audi comments reinforce our view that there is limited excess supply in the system: with inventories low, returning U.S. auto demand this year had caused a much greater production response. U.S. car and truck production year to date (April 10) is up 63.4% from a year earlier. Given that the U.S. is primarily a gasoline market, this is good news mainly for palladium, but platinum also reaps some benefits from the heavy-duty sector."

  8. #28
    Administrator JohnQPublic's Avatar
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    Re: Ohhhh Ahhhh Ohhhh! Palladium!

    $557 tonight. Palladium price is like California RE prices- it never goes down .
    "What Difference, at this time, does it make?"

    "What is 'is'?"

    "Because you'd be in jail"

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    Dangerous Donald Neuro's Avatar
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    Re: Ohhhh Ahhhh Ohhhh! Palladium!

    Quote Originally Posted by JohnQPublic
    $557 tonight. Palladium price is like California RE prices- it never goes down .
    Probably I missed the pullback, seems like it is going to zoom past 580, any day now. Damn it went up to 560 then pulled back to 515 and now it is up to the 560 level again. We need pics of some cold fusion rockets to get it back to 500 now...
    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

  10. #30
    Dangerous Donald Neuro's Avatar
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    Re: Ohhhh Ahhhh Ohhhh! Palladium!

    Earlier today it was up and touching at the multiyear high at around 580... Either it will go down sharply from here to around 500, before it blasts through this level, or it will go through now...

    I am leaning towards it going through now, with a peak this year around 1000-1100...
    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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