Palladium down $399, down 14.5% as I type this. What a day.
Thomas Jefferson is credited with writing, “When injustice becomes law, resistance becomes duty.” The seceding states in the Civil War period issued a similar declaration using the word “tyranny” as opposed to “injustice.”
I haven't bought palladium since it was $400 a coin...so I bought some PALL at 149 for a lark.
https://www.tradingview.com/x/zRkxPIUU/
the metals are saying some deep load is about to hit the fan.....looking for the BIG whipsaw....
Last edited by ruthenium; 02-10-2023 at 12:38 AM.
Sub $1500 palladium now, seem like those who trade in palladium act like a bunch of lemmings. It's not like the situation has changed that drastically from a few months ago...and only 1 year ago palladium spot price was DOUBLE what it is today.
Getting sum PALL digits today, now with straight fiat, no more trading from digital gold.
“Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)
MAybe the Russians dumped some....and the demand was filled at a discount.
Upped it by an order o magnitude at 142//// just missed me. I had to go see a client today so was not there to pull the trigger in person.
Perhaps the car manufacturers having taken the time in the past year to think about substituting more Platinum for Palladium.
This would make sense since they can be substituted, and one was, and still is, far cheaper than the other. ( closing)
Just a possible explanation for a significant part of the closing of the price gap between the two.
are readjusting demand for a greater share of diesel and electric demand too. also Pt is in other markets...also more japan a hedging inflation metal. My wedding ring is Pt/Ir...with a white gold twist.
put another in at 130
Last edited by ruthenium; 02-14-2023 at 01:04 PM.
well I would get a fill today but I lowered my bid to 123.41