This page has been archived and commenting is disabled.

Palladium Bucks Precious Metal Trend - Hits 18-Month High

Tyler Durden's picture




 

While gold, silver, and platinum remain held in ranges, it appears China's NDRC comments on carbon emissions and improved energy efficiency have been taken seriously enough to drive Palladium prices to 18 month highs (and notably divergent from the rest of the PM group). Palladium is now up more than twice the 215% gain in gold since Lehman and leads the PMs.

 

 

Chart: Bloomberg

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 03/08/2013 - 15:17 | 3312947 Squishi
Squishi's picture

erection

Fri, 03/08/2013 - 15:21 | 3312963 nope-1004
nope-1004's picture

You must be Asian.... it's pronounced "election".

 

Fri, 03/08/2013 - 15:26 | 3312974 Manthong
Manthong's picture

I don’t understand..

Can’t Obama just stuff paper palladium into his Government Motor’s catalytic converters?

Or maybe he can just cut down on buying them for the fed fleet and financing them for the sheep.

Fri, 03/08/2013 - 15:27 | 3312978 economics9698
economics9698's picture

There most likely is one more monetary expansion before the fiat implodes.  I think it is March 2013 to August 2013.

Yes that is right, this will be a short lived expansion, so get your finances in order and sell your shit to the Muppets.

It could be June/December, whatever it will be short lived, trust me.

Take advantage, dumb the house, stocks, and get into physical metals, farms, shit that will ride out inflation or deflation. 

These monetary expansions are like labor contractions, they get shorter and shorter as time moves forward.  We are entering one now.

Fri, 03/08/2013 - 15:44 | 3313021 francis_sawyer
francis_sawyer's picture

Look Man ~ I ain't fallin' for no banana in no tailpipe

~Axel Foley

~~~

http://www.youtube.com/watch?v=8w_naC0saGI

Fri, 03/08/2013 - 16:38 | 3313170 DoChenRollingBearing
DoChenRollingBearing's picture

Palladium is an interesting metal.  But, I would only buy it (as PM diversification) after I bought Au, Ag, and Pt first.  It can be used as a vehicle catalyst in SOME cases where Pt is used, but not all (not with diesel engines I read a while back).

Physical ownership only.

Disclosure: I have a tiny physical amount of Pd.

Fri, 03/08/2013 - 22:03 | 3313990 WmMcK
WmMcK's picture

Physical ownership only.

Disclosure: I have a tiny physical amount of Pd.

--------------

I traded Ag for some Russian ballerinas at 22:1

(not so very long ago)

Same LCS will trade me back now at 28:1

Think I'll get my orginal Ag oz's back and call the remaining Pd profit.

Fri, 03/08/2013 - 15:21 | 3312965 realtick
realtick's picture

you said it, brother

This Unemployment Chart Has Been Erect For Over Four Years And Needs Immediate Medical Attention

Fri, 03/08/2013 - 15:24 | 3312970 Shell Game
Shell Game's picture

limp.    

palladium's miners at least..   (PAL, SWC)

 

posession. posession. posession...

Fri, 03/08/2013 - 15:23 | 3312959 hugovanderbubble
hugovanderbubble's picture

ZH,

Take a look to AVL US EQUITY

Avalor Rare Earths Metals Co.

 

+

Lomiko

 

+

Thirdly

Lightbridge _LTBR - For Thorium Exposure

Fri, 03/08/2013 - 15:30 | 3312988 savagegoose
savagegoose's picture

when theyre back down to 50c lemme know

Fri, 03/08/2013 - 15:25 | 3312969 THECOMINGDEPRESSION
THECOMINGDEPRESSION's picture

TPTB forgot about manipulating PALLADIUM..Sombuddy gunna get fired..

Fri, 03/08/2013 - 16:08 | 3313082 NotApplicable
NotApplicable's picture

Don't have to. All they gotta do is to claim it's a result of GM's (et al.) "recovery."

Speaking of recovery, when are the catalytic converter harvesters going to figure out that channel-stuffing has created nice concentrations of product in unguarded satellite lots (a.k.a. empty strip mall/restauraunt/big box store parking lots)? There isn't a dealer in town without at least one extra lot per location.

If someone did enough due diligence, I bet they could clean a lot out overnight.

Fri, 03/08/2013 - 15:26 | 3312975 Quinvarius
Quinvarius's picture

Canary in the coal mine takes some steroids.

Fri, 03/08/2013 - 15:28 | 3312981 Canadian Dirtlump
Canadian Dirtlump's picture

Boy was I a dummy. I bought (then subsequently lost) a bunch of silver as the canary in the coalmine.

 

Turns out the canary in the tailpipe was the right way to go.

Fri, 03/08/2013 - 15:40 | 3313015 Quinvarius
Quinvarius's picture

If it is rare, valuable, durable, and you can carry it around or put in your closet, it is money.  Corn is not money.  It is a commodity that rots and has storage issues.  PMs are money and always have been money.  They are all good.  But I think gold and silver are still the way to go for reasons of "tradition".

Fri, 03/08/2013 - 15:28 | 3312980 SheepDog-One
SheepDog-One's picture

Lead, copper, and brass units....the BEST performing precious metals of them all!

Fri, 03/08/2013 - 15:31 | 3312989 Desert Irish
Desert Irish's picture

Something wrong here. Palladium is primarily used for catalytic convertors. If the demand is truely coming from China you should see a corrospoding increase in the price of zinc as they produce better cars - this is not the case in fact opposite. So you use $500 worth of palladium on a car that will rust out in a couple of years? Looks like the rare-earth speculation several years ago.

Fri, 03/08/2013 - 15:46 | 3313036 adr
adr's picture

A rusty car is better, holes make it fall apart. Then they will sell the peon a new car and use more exotic metal.

Fri, 03/08/2013 - 15:34 | 3312996 SumSUN
SumSUN's picture

Cool man, but it's still paper.  

Fri, 03/08/2013 - 15:39 | 3313011 Strider52
Strider52's picture

I wouldn't know palladium if it hit me in the face. It could be green for all I know.

Fri, 03/08/2013 - 15:36 | 3313001 Dr. Engali
Dr. Engali's picture

All I know is the 1000 rnds of .223 I paid $350 for last year will fetch around $1,000 now.....that's performance.

Fri, 03/08/2013 - 15:38 | 3313007 savagegoose
savagegoose's picture

 i bought some plaladium when it was $250,  but its stuck in my e-gold account and the FEDS wont let me have it.

Fri, 03/08/2013 - 15:39 | 3313010 sitenine
sitenine's picture

Simple. Palladium isn't a focus of manipulation.

Fri, 03/08/2013 - 16:11 | 3313095 Likstane
Likstane's picture

Stand by, 10,000,000 palladium contracts being sold this evening. 

Fri, 03/08/2013 - 15:40 | 3313014 Xibalba
Xibalba's picture

Cold Fusion, bitches

Fri, 03/08/2013 - 16:57 | 3313241 Bam_Man
Bam_Man's picture

Can't be. If so, the price of paper cups would be going parabolic.

Fri, 03/08/2013 - 15:43 | 3313019 Yen Cross
Yen Cross's picture

    I have been buying platinum koalas for 6 months. https://store.nwtmint.com/product_details/2342/Platinum_Koala_Coin/

 I've done well on that acquistion. I hope platinum drops more so I can average in. Right now I like xag even more than xau. Better risk reward.

 

Fri, 03/08/2013 - 15:55 | 3313051 Kaiser Sousa
Kaiser Sousa's picture

the whole of the action in the phony paper futures market for the only 2 forms of real moeny continue to be a fucking joke...just look at the charts for today...all that effort just to try to keep Gold below 1600, and Silver trapped below 29....

yeah, ok....

 

http://www.kitco.com/charts/livesilver.html

Fri, 03/08/2013 - 15:54 | 3313052 johngerard
johngerard's picture

It must be all those JPM Palladium Credit Cards they've been issuing...you only need $30m and a private banking account at JPM to qualify.

Fri, 03/08/2013 - 16:15 | 3313104 John_Coltrane
John_Coltrane's picture

Pd is so yesterday, Rh (Rhodium) is where you want to invest.  Of course don't ignore Osmium (Os) or Iridium (Ir).  You can use them to hydrogenate just about anything even while they increase in value (refine your own crude).  They are are king of catalysts.

Fri, 03/08/2013 - 17:58 | 3313429 DoChenRollingBearing
DoChenRollingBearing's picture

I am the only one I know who owns Osmium, a 1 troy oz pellet.  Wikipedia says that only about 2000 oz of Osmium are used in the USA each year.  It is the:

RAREST stable element (non-radioactive)

and ths

DENSEST non-radioactive metal.

Fri, 03/08/2013 - 19:26 | 3313676 akak
akak's picture

DoChen, where did you buy that osmium?

I have always been curious about the potential availability of osmium, rhodium and iridium bullion, but have only recently (in the last few months) seen rhodium bars become available, but have NEVER seen anything similar from osmium or iridium.

Sat, 03/09/2013 - 06:11 | 3314458 johngerard
johngerard's picture

I used to work in the music business in the 90s, and once saw a gig by a heavy metal band called Osmium...

Sat, 03/09/2013 - 12:05 | 3314832 IrritableBowels
IrritableBowels's picture

Cool story, bro.

Fri, 03/08/2013 - 16:18 | 3313113 Sach Mahoney
Sach Mahoney's picture

BHO, "Gotta spread that palladium around a little bit, let everybody get their fair share of it.  We need a balanced approach.  Can the FED print palladium?"

Fri, 03/08/2013 - 16:30 | 3313145 Geruda
Geruda's picture

I am having a sadness.  Many people become angry people when they are hearing the words people are saying and are not liking the words those peoples are saying.  It is making them have angry at the peoples instead of having angries at the true words they are speaking.  Many peoples who are reading what the speaking is here on Zero Hedge is speaking do not want to hear words if they are words they do not like.   You will be having knowing about what words they are not liking because when they are expressing the words in their own minds the words they are using are words that are making people have bad sounds in their ears.  Words that are having letters that begin with "F" is a word like the words I am describing that is used many times.   In other places many words have been spoken about gold and gold is what makes many many people have the most angries.   A man who was trying to have speaking that was different from the people whose speaking always was to be telling us that gold was going to be $2000 in a time that was soon always made people the most angry.  People who were not stupids could be having words to say about the man who was speaking things they did want to hear by saying with their own speaking why the things he was saying were wrong words he was saying but instead people who are stupids were having mean things to say about the man instead of challenging his words with words that made his words wrong.  The man would be telling about the things in India or China that made the ideas that $2000 gold was tomorrow sound silly and wrong but nobody is having the smarts to challenge his information so instead he was attacked with words that began with the letter "F".   So it is having me be with much sadness because Jon Nadler is no longer a man who is speaking words for us to consider.    I will be seeing many bad words soon.

 

 

Fri, 03/08/2013 - 16:57 | 3313216 akak
akak's picture

I am being the most habby among all the beobles in wanding to be delling do you for you do be fugging yourself.

Fri, 03/08/2013 - 18:01 | 3313450 thewayitis
thewayitis's picture

SOrry Nadler got fired...He was a stinkin bum....

Fri, 03/08/2013 - 19:20 | 3313665 TheFourthStooge-ing
TheFourthStooge-ing's picture

Geruda said:

I am having a sadness.  Many people become angry people when they are hearing the words people are saying and are not liking the words those peoples are saying. It is making them have angry at the peoples instead of having angries at the true words they are speaking.

A sane comment. Guys coming round and yelling to anyone who lent it two minutes of attention. Being into the heart of the action.

Where is good propaganda?

You will be having knowing about what words they are not liking because when they are expressing the words in their own minds the words they are using are words that are making people have bad sounds in their ears.

That is indeed that. Somehow it is very something.

People who were not stupids could be having words to say about the man who was speaking things they did want to hear by saying with their own speaking why the things he was saying were wrong words he was saying but instead people who are stupids were having mean things to say about the man instead of challenging his words with words that made his words wrong.

Worst in this story is the topic was not knowledge per se but mere observations. Adapt on an imperative mode suggests economic decisions to implement the formula as an active phenonemum.

I will be seeing many bad words soon.

Fucken A, bubba, you know it. If you feel you did not get your share of the loot, a very possible situation, write to  your lawyer, phone your congressman with the simple message "where is my share of the loot?"

Fri, 03/08/2013 - 16:34 | 3313160 earleflorida
earleflorida's picture

the symbiosis of 'Mica'?

 india produces 60% of the world's mica production?

so what-- mica is the greatest heat sink known to man plus many quantitative usages    http://www.anjanagroup.com/mica_tech1.htm

1+1= infinity  

Fri, 03/08/2013 - 21:58 | 3313981 BigInJapan
BigInJapan's picture

Pile in, Mofos!

Damned if I know what Palladium is, but I'll sell my ill-gotten Japanese gold to buy some.

Do NOT follow this link or you will be banned from the site!