Palladium is on fire

[trying]

What a nice increase in palladium up 39% since low of last year. Nice gain for those that have squerreled some away. Must be time to sell. Any thoughts?

[LuckyAllMyLife]

What a nice increase in palladium up 39% since low of last year. Nice gain for those that have squerreled some away. Must be time to sell. Any thoughts?

I asked a jeweler friend of mine if anyone uses palladium in the jewelry business because I was thinking of buying some. He said yes to a lesser extent than gold / silver platinum but laughed at me and told me not to but it. This was when it was around $600 bucks. Now look where it is. I reminded him of our conversation and he still said I'd be an idiot to buy it.

Are you talking physical or paper?

[suemarkp]

What type of palladium would you buy (bulk, coins, bars)? There are buyers other than jewelers. Many of the online sites that sell palladium will buy it back, but you may need a certain minimum amount. I have not asked around at the local coin and gold stores to see what their buying prices are. You could also research refiners to see what they pay for pure palladium.

The market does seem smaller though. I've avoided palladium and rhodium because of that. I've gone fairly large into platinum, and that may even have been unwise. I'll find out when I go to sell.

[trying]

I only have a few coins. Wish I had a MB. I would dump it all. Always easy to say what if.......should have would have could have....yada yada yada.

[absum]

Had to turn down a ballerina today at around 7% below melt. Had to decline, told him I would be kicking myself to hard when it goes down to 500

[absum]

Bad day for Pd today

[captainsilverton]

all metals of preciousness will down , especially if DJT and company get dereg and tax reform and infrastructure up and running... especially gold

the 8 year old bull markets has a few more bull fights in it..

[maxwellsilverhammer]

what a fiasco. HOWEVER, if i were a rich man. i would buy into palladium putting $100k in the paper paladium. then tomorrow or the day after when it shoots back up $30 to $50 i would sell it and set the profits aside. i would wait another couple days and watch it plummet and buy back in for a rinse repeat. within a few months i would double my originial $100k. that is how they are doing it. most of us stackers cannot take advantage of this because to have it work, you need to start with a large amount. otherwise the transaction fees and buy/sell costs associated with it would consume all the potential profits and actually cost you money. what a hack game the wealthy can partake in with the metal markets.

[maxwellsilverhammer]

see what i am talking about. paladium up over $16 so far this morning. i predict it will plunge down again at least this much in a night or two and back and forth. it is absolutely due to paper trades from the bots. nothing else. the wealthy are killing it making extreme amounts of money on these sure plays. i say again. what a fiasco. poor small fry like most of us here that are priced out of this deal should stay away and let the debt monger paper players just keep getting richer.

[cdnmetalmetalhead]

been out of the metals loop for a long time. Mostly hold gold and silver.

What's the reason for the palladium explosion? Tech? manipulation? Speculation?

I remember it being around $6-700. Amazed to see it at $1700!