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Pd touched 800.
Pd touched 800.
Ending price, 2010: $800.00 !
"What Difference, at this time, does it make?"
"What is 'is'?"
"Because you'd be in jail"
Not a bad year for Palladium!Originally Posted by JohnQPublic
Ending price, 2010: $800.00 !
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
"What Difference, at this time, does it make?"
"What is 'is'?"
"Because you'd be in jail"
Here we go again!
http://www.kitco.com/LFgif/pd1825nyb.gif
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
hard to believe that for once, i timed the purchase of something PERFECTLY.
Yeah, and then comes the tragic boating accident!hard to believe that for once, i timed the purchase of something PERFECTLY.
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
Pd holds up incredibly well in this day of PM doom...
January 18, 2011 12:22 GMT
Platinum and palladium recorded the second consecutive year of positive returns, rising +20.5% and 97.2% respectively, in 2010. Recovery in the auto sector and robust investment demand for precious metals were key reasons for the impressive performance. PGMs remained firm in the first 2 weeks in 2011 with platinum rising to 1833, the highest level since July 2008, and palladium to 825.1, a level not seen since March 2011. PGM prices should continue to perform well this year as driven by strong African rand and supply shortage in the palladium market.
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We are more bullish on palladium than platinum as the demand/supply outlook for the former is tighter. While there lacks information on Russia's palladium stock sales, the consensus view is that Russian stocks have almost depleted. Over the past few years, sales from Russian state stockpiles reached were 0.9-1M oz, the 3rd-largest contributor to world supply after mine output from South Africa and Russia. If Russia continues to draw a similar amount from stockpiles this year, the palladium market will be at small surplus. If Russia has indeed exhausted state inventories of the metal, the market will definitely be in deficit. In any case, strong production growth in gasoline-fuelled light vehicle will drive the metal to deficit in the medium-term.
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According to the China Association of Automobile Manufacturers, China's vehicle sales may grow +10% to +15% this year after surging +32% to 18.06M units in 2010. Robust growth in Chinese auto demand will be driven higher per capita GDP and increase in passenger car density from the low base. In the US, recovery in the auto market as macroeconomic outlook improves will also benefit palladium.
Johnson Matthey said in an interim report that platinum will be in surplus by 290 000 oz in 2010 while the market had anticipated a deficit year due to EU incentive schemes and low mine supply. We expect platinum to remain in surplus in 2011 as increase in vehicle production will be offset by lower jewelry demand and greater level of recycling. That said, platinum price will be supported by higher import costs and appreciation in 2011...
http://www.ibtimes.com/articles/1020...s-in-2011.htm#
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
Timberrrrrrr!
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“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.”
H.L. Mencken
"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
The last peak in Pd doesn't look as "perky" as previous peaks, does anyone know if this has any significance. Obviously it is not a blow off top, which is good, but could it signal that Pd is going to consolidate for some time?
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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