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fiatboy
Administrator
912 Posts |
 Posted - 06/09/2008 : 19:00:24
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Palladium may see renaissance from funds
Wed May 21, 2008 2:49pm IST
By Chikafumi Hodo
TOKYO (Reuters) - Lured by a relatively low price and cheaper investment costs, investors could well warm again to palladium, left in the cold by investors after market restrictions and price volatility in the early 2000s.
Palladium rose in March to its highest level since 2001, renewing investor confidence in the precious metal, and analysts say a bullish outlook for its sister metal, platinum, could help spark yet another rally.
Cash-rich investment funds could see palladium, used in car exhausts, jewellery and dental equipment, as an alternative to gold or platinum as both metals have hit lifetime highs.
"I see potential in palladium. It is still far behind the value of platinum and gold," said Akira Doi, director at Daiichi Commodities Co Ltd.
"As long as platinum is strong, palladium will be supported. Considering that it is well below its record highs, palladium could jump with fresh fundamentals," Doi said.
Palladium was quoted at $445 early on Wednesday, up more than 20 percent from the start of the year, after rising 10 percent in value in 2007.
At that price, palladium is still well below the seven-year high of $590 per ounce touched in March and about a third the value of its record peak of $1,150 set in January 2001.
Palladium's surge has been given a boost and would continue to be well supported by platinum's strength, traders said. Continued...
Any other palladium fans out there? 
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"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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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 06/09/2008 : 19:04:05
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| I don't think I have seen a palladium anything. Where could I find or see some examples of palladium coins, or is there even such a thing? |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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Edited by - TenBears on 06/09/2008 19:04:33 |
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Ant
Penny Hoarding Member
USA
894 Posts |
Posted - 06/09/2008 : 19:10:39
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There are palladium maple leafs. I saw a palladium Russian coin at my dealers. Most of the palladium I've seen has been Stillwater Mint bars. It looks just like silver, so much so that the one piece I have of it is in a Ziploc bag labeled "THIS IS PALLADIUM!"
If you go to Apmex.com, you can see several palladium coins and bars. |
Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 06/09/2008 : 19:21:19
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| Palladium wasn't even on my radar screen for precious metals. I learned something new today. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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Ant
Penny Hoarding Member
USA
894 Posts |
Posted - 06/09/2008 : 19:44:24
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Found it, TenBears! Here's a link to a list of world palladium coins, with photos:
You must be logged in to see this link.
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Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin |
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n/a
deleted
18 Posts |
Posted - 06/10/2008 : 08:57:41
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| I am in palladium heavily with maples, GO PD, the next rhodium. |
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jadedragon
Administrator
Canada
3788 Posts |
 Posted - 06/10/2008 : 10:18:07
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quote:
Originally posted by Ant
Found it, TenBears! Here's a link to a list of world palladium coins, with photos:
You must be logged in to see this link.
Excellant site - thanks :) |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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fiatboy
Administrator
912 Posts |
Posted - 06/13/2008 : 01:20:36
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Something's going on with palladium.
Check out the chart of the rising lease rates, especially compared to gold, silver, and platinum. This is unusual.
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And then down at the bottom of the screen, you can see the chart.
I don't know why this is happening. Anyone have any ideas? For a while now I have heard rumors that Switzerland's annual palladium shipment from Russia didn't arrive last year, and Russian had to admit to the banksters in Zurich that they were out. Maybe those rumors are true. Don't know.
Hmmm.....whatever is happening, it sure is interesting. I'll have to keep my eye on this one. |
"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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Ant
Penny Hoarding Member
USA
894 Posts |
Posted - 06/13/2008 : 07:48:11
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Here's a link to a Googlecached article from Reuters's Africa desk that references the Russian-supplied palladium to the Swiss. It seems to read that the 500,000 oz. made it to Switzerland but was not put on the market in time to be counted in 2007 sales. Apparently the Russians didn't deliver until late in the year.
Of course, the article doesn't address *why* the Russians were so late on delivery. Any theories about why that might be? Political pressure? Genuine problems extracting the stuff?
**Sorry about the crazy link  -- when I clicked on the regular link, the sidebars would come up but not the text of the article, so had to look at the cached version.**
You must be logged in to see this link. |
Lovely dimes, the liveliest coin, the one that really jingles. --Truman Capote
Coins are the metallic footprints of the history of nations. --William H. Woodin |
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fiatboy
Administrator
912 Posts |
Posted - 06/13/2008 : 10:31:51
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| Thanks, Ant! |
"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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Palladium may see renaissance from funds
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