Ohhhh Ahhhh Ohhhh! Palladium!

[Neuro]

After a rest spell, palladium jumps into the lead again. We will probably get to $800 Pd before we get $1800 gold or $40 silver.

This seems likely now, from my six years of following the market, I have noticed that the platinum group metals seems to lead PM's in general about 6 months before gold and silver, so it is very PM positive that palladium and platinum are charging ahead now, gold and silver will be a bit behind in this phase, but I feel quite confident that the lows are in for all PM's now. Palladium should IMO get above $1000, maybe a lot more, in this run-up. Right now $738...

[chad]

i have noticed the same thing neuo. when pd and pt pop, gold an silver seem to follow along. i would love to see 1,000 pd, i'd be tempted to sell at that point.

[mamboni]

North Korean Car Maker Develops Palladium-free Catalytic Converter

Jan 24, 2013 6:13 PM KST
Reuters News Service, International

North Korean car maker Iso Ronery C.P. has developed a catalytic converter that uses no palladium. Presently, 70% of palladium industrial demand goes into the fabrication of catalytic converters. The new catalytic converter uses an alloy of silver and lathanum to achieve similar efficiency of pollutant reduction at a fraction of the cost of palladium. CEO of Iso Ronery, Dong Hong Lo, announced the news at recent trade show in the North Korean city of................

more at link:

[JohnQPublic]

North Korean Car Maker Develops Palladium-free Catalytic Converter

Jan 24, 2013 6:13 PM KST
Reuters News Service, International

North Korean car maker Iso Ronery C.P. has developed a catalytic converter that uses no palladium. Presently, 70% of palladium industrial demand goes into the fabrication of catalytic converters. The new catalytic converter uses an alloy of silver and lathanum to achieve similar efficiency of pollutant reduction at a fraction of the cost of palladium. CEO of Iso Ronery, Dong Hong Lo, announced the news at recent trade show in the North Korean city of................



more at link:

You are such a tease...

[PatColo]

The Daily Reckoning Presents

Platinum’s Neglected Cousin By Byron King

It’s a whitish, ductile metal. It is No. 46 on the Periodic Table of Elements...and it is a “Buy.” I don’t just mean that it is a solid investment opportunity in which you can buy shares. I’m talking about an opportunity so big, you could literally pull a truck up to the front door — but make sure it’s an armored truck, as I’ll explain below — and drive home with the stuff. The metal’s name is palladium, and it is used mainly in automobile and truck catalytic converters, particularly for low-temperature exhaust that emits from diesel engines. For high-temperature exhaust from gasoline-burners, you need platinum. But for diesel engines, palladium does the job. As the chart below illustrates, annual auto-catalyst demand is currently soaking up a whopping 81% of the world’s annual mined supply of palladium — up from about 60% just a few years ago. This chart also illustrates that the palladium price trend tracks very closely with the auto-catalyst demand trend. Back in 2000, for example, when auto-catalyst demand was consuming more than 100% of the mined supply (above-ground stockpiles plugged the supply gap), the palladium priced soared to more than $1,000 an ounce! http://dailyreckoning.com/wp-content...US01-24-13.png Looking ahead, the auto sector is recovering in Europe, North America and across the developing world. Automakers have scheduled their production runs, and what’s the fastest-growing kind of vehicle? Diesel-powered. And that means rising palladium demand. Meanwhile, mine output of palladium is stagnant, while global stocks — primarily from Russia — are as tight as banjo strings.

[PatColo]

today was a breakout to about 16 month high, or breakout was last week was but today extended the rally, here's weekly chart
http://futures.tradingcharts.com/chart/PA_/W

http://futures.tradingcharts.com/charts/PA_W.GIF

[JohnQPublic]

The Daily Reckoning Presents

Platinum’s Neglected Cousin By Byron King

It’s a whitish, ductile metal. It is No. 46 on the Periodic Table of Elements...and it is a “Buy.” I don’t just mean that it is a solid investment opportunity in which you can buy shares. I’m talking about an opportunity so big, you could literally pull a truck up to the front door — but make sure it’s an armored truck, as I’ll explain below — and drive home with the stuff. The metal’s name is palladium, and it is used mainly in automobile and truck catalytic converters, particularly for low-temperature exhaust that emits from diesel engines. For high-temperature exhaust from gasoline-burners, you need platinum. But for diesel engines, palladium does the job. As the chart below illustrates, annual auto-catalyst demand is currently soaking up a whopping 81% of the world’s annual mined supply of palladium — up from about 60% just a few years ago. This chart also illustrates that the palladium price trend tracks very closely with the auto-catalyst demand trend. Back in 2000, for example, when auto-catalyst demand was consuming more than 100% of the mined supply (above-ground stockpiles plugged the supply gap), the palladium priced soared to more than $1,000 an ounce! http://dailyreckoning.com/wp-content...US01-24-13.png Looking ahead, the auto sector is recovering in Europe, North America and across the developing world. Automakers have scheduled their production runs, and what’s the fastest-growing kind of vehicle? Diesel-powered. And that means rising palladium demand. Meanwhile, mine output of palladium is stagnant, while global stocks — primarily from Russia — are as tight as banjo strings.

The best part is that the automakers all retooled to Pd from PT, and they cannot switch back quickly, and even if they do, Pt is still more expensive (so they won't).

[JohnQPublic]

After a rest spell, palladium jumps into the lead again. We will probably get to $800 Pd before we get $1800 gold or $40 silver.

Wow! Pd hit $790 peak today. Getting close.

[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?

[JohnQPublic]

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?

Not sure if that holds. I think this is more of a special cause issue- i.e., mines shut down in SA + Russia apparently low on stock. In any case I think it is Pd positive.