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What happened? A sudden, and welcome jump (in this gloomy PM market), of Pd around $40 today...
What happened? A sudden, and welcome jump (in this gloomy PM market), of Pd around $40 today...
Start ignition? $24 up today to $675? I read somewhere Pd is an important metal in ammunition manufacturing. Could this be it?
Originally Posted by Neuro
$702...
I know the miners in general are in the doghouse right now, but do y'all buy any Palladium mining stocks?
Such as: SWC, PLG, IVPAF, etc?
Or strictly physical...?
That went well as usual! Down $150 since then!
Re: Ohhhh Ahhhh Ohhhh! Palladium!
Sure would like more info !
https://www.google.com/webhp?hl=en#h...+manufacturing
Tried a websearch, all I found was a gun shop in Utah, "Palladium Arms" or something.
I could see if it was a catalyst used in primer or gunpowder manufacture (maybe ?).
But had never heard of that industrial use for Pd.
Sometimes I am tempted to buy some Pd ... but I perceive that it is largely dependent on industrial demand. It seems like one of the primary uses, catalytic converters, depends on auto sales in countries that have auto exhaust restrictions. Which is sort of an artificial market - in the US, it depends on low interest rates to keep the record sales numbers going.
I know their is also a relation to diesel. Pt or Pd, one is used more for diesel cat converters. Forget which.
Retired Director Morris Waxler says the FDA did not do their job for 15 years - and is not now.
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Palladium $490! Does not bode well for what people think of the auto market in the near term (or did cold fusion just fail?).
The official explanation:
Palladium plummets on China concerns/equities; more weakness likely - See more at: http://www.bulliondesk.com/palladium....mUouXuuD.dpuf
I figured palladium's drop was just another screw to Russia. It has been monkey hammered.
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Palladium dropped and will drop even further. The reason is that global car catalytic converter market is falling, despite forecasted car sales growth. I expect significant drop by 2019-2020. http://seekingalpha.com/article/3978...ium-bottom-yet
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