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aloneibreak
Penny Hoarding Member
USA
672 Posts |
 Posted - 02/01/2008 : 16:12:13
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according to kitco, palladium jumped $32 today. around an 8.44% increase. anyone follow palladium and know why?? is it finally starting to move with platinum prices?? just curious if anyone had any insight.
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My reading of history convinces me that most bad government results from too much government.
Thomas Jefferson
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n/a
deleted
86 Posts |
Posted - 02/01/2008 : 17:02:30
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| I think "think" the palladium is used in the same application processes as platinum (pollution control). Plus, it's a whole lot cheaper. Probably just as good of an investment as other precious metals. Sure wouldn't hurt to have some. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 02/01/2008 : 20:26:41
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quote:
Originally posted by aloneibreak
according to kitco, palladium jumped $32 today. around an 8.44% increase. anyone follow palladium and know why?? is it finally starting to move with platinum prices?? just curious if anyone had any insight.
My guess is bad data. The chart jumped up $32 and never moved all day. Also the biggest current news impacting platinum and palladium prices is power problems in SA. The power company has been unable to promise full power to numerous miners and they have had to shut down or run at partial capacity for safety reasons. |
Edited by - horgad on 02/01/2008 20:28:40 |
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fiatboy
Administrator
912 Posts |
Posted - 02/01/2008 : 20:44:30
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I have no idea why palladium jumped so much today, but all the big dealers' websites reflect the price jump.
quote:
The chart jumped up $32 and never moved all day.
You could be on to something, but until I hear otherwise, I'm assuming the price is legit. Due to lower trading volume and slower turn-around times for transactions, palladium doesn't move up and down quite as much as the other precious metals.
Could this be palladium's big break out move? |
"Bart, it's not about how many stocks you have, it's about how much copper wire you can get out of the building." --- Homer Simpson |
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n/a
deleted
85 Posts |
Posted - 02/02/2008 : 18:45:33
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quote:
Originally posted by fiatboy
I have no idea why palladium jumped so much today, but all the big dealers' websites reflect the price jump.
quote:
The chart jumped up $32 and never moved all day.
You could be on to something, but until I hear otherwise, I'm assuming the price is legit. Due to lower trading volume and slower turn-around times for transactions, palladium doesn't move up and down quite as much as the other precious metals.
Could this be palladium's big break out move?
Nor do I really. But I'm guessing that the other PMs have gone up so much and so fast that investors are starting to look for deals out there. |
"The key to building wealth is to not lose money." - Warren Buffet |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 02/02/2008 : 21:50:11
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| Darn, I knew I should have bought it when it was cheap. I only have a couple of palladium coins. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 02/03/2008 : 07:58:20
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Could this be palladium's big break out move?
I have been waiting 3-4 years for palladium to make its move. I've come close to selling it in the past because of my bearishness on the automobile manufactures. However, the price gap between it and platinum has kept me in it. Platinum prices will drag palladium up eventually. All that is needed is enough manufactures to do a switch.
Just looked what happened in 2000 when palladium shot to over $1000 an ounce because of a supply squeeze...
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 02/04/2008 : 08:09:48
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| Looks like it was not bad data. Up again today... |
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Know Common Cents
Penny Pincher Member
195 Posts |
Posted - 02/04/2008 : 23:00:08
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| Palladium is the "Other PM." It continually lives in Platinum's shadow, but as Horgad mentioned, it did have a run above $1000 around Y2K. I like it. I happen to be into some Palladium at $202/troy oz. (The Canadian 1 oz Maple Palladium coins are slick and a handy way to own some.) While I don't see it back at $1000 in the immediate future, Platinum is nibbling at $1800/Troy Oz and alternatives are needed. I've noticed some jewelers are now advertising Palladium jewelry, too. Half the price of gold and 20-25% of the cost of Platinum. Palladium. Yeah. I'm there. Make it a Palladium Valentine's Day. |
Here in Wisconsin, we have some of the highest property and gasoline taxes in the US. We're squeezed so much, I have to make my daughter wear penny boxes for shoes. At least she has an endless supply. |
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Metalophile
Penny Collector Member
USA
320 Posts |
Posted - 02/08/2008 : 09:46:46
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quote:
Originally posted by Know Common Cents
Palladium is the "Other PM." It continually lives in Platinum's shadow, but as Horgad mentioned, it did have a run above $1000 around Y2K. I like it. I happen to be into some Palladium at $202/troy oz. (The Canadian 1 oz Maple Palladium coins are slick and a handy way to own some.) While I don't see it back at $1000 in the immediate future, Platinum is nibbling at $1800/Troy Oz and alternatives are needed. I've noticed some jewelers are now advertising Palladium jewelry, too. Half the price of gold and 20-25% of the cost of Platinum. Palladium. Yeah. I'm there. Make it a Palladium Valentine's Day.
I totally agree. I bought a couple of Pd Canadian Maple leafs a couple of months ago at ~$360. I see jewelers pushing more "white gold" or other alloys containing Pd to stretch their gold. It may take a while for chemical producers to switch processes over to Pd from Pt, but if Pt stays up it will eventually happen. Also the electricity problems in South African mines will start to cut into the supply side. |
Metalophile |
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palladium
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