Kitco palladium spot price

[pollo loco]

Does anyone know the reason for the discrepancy in the kitco “ask” price For palladium compared to other pm sites? Kitco is showing an ask price of over 2700(USD) whereas others are showing 2400ish.

[bashosghost]

Very weird, right? Looks like they fixed it an hour ago or so. Had me scratching my head early this morning.

[yellowsnow]

kitco bid / ask spread is over $100


bid 1788.00
ask 1938.00

+42.00, +2.41%

June 15, 2022

[motocat]

1/2 percent spread with PALL. That's my trading vehicle. The only question now, is with over 20% gain from a few days ago (with palladium to gold ratio over 1:1), is it now time to sell, or are we on the way to $3K again?

[ynot2k]

I have some palladium pool - was going to increase it with the gold 4 palladium trade - and I'm holding it. I don't know if 3k is in the cards or not but I think higher, at least long term if nothing else.

I might be a contrarian indicator though so put that in the mix when deciding on taking profits or not.

[ruthenium]

Off hand 3000 Pd is not likely headed to recession. but Move the stop to 186 (50MA) and let it run. If it works on a cup....with the resistances and support.

https://www.tradingview.com/x/Ze275vn2/

On the weekly for spot Pd sitting right at resistance of the 50WMA. with down-sloping volume. the Ukraine thing is dissipating. Maybe the Chinese are getting Pd direct at a discount.

https://www.tradingview.com/x/BozWtHnO/

the commodity channel comes from the monthly chart back to 2014 with a slope through the Ukraine head and shoulders quite by coincidence...but probably not coincidental.

off to mend some of my fences.....

[motocat]

Thanks to Ruthenium post, I actually sold some of my Palladium, and good thing given the Palladium to Gold ratio is now moving back closer to 1:1. Better yet, I waited to go into gold with the proceeds, with today being the big sale day. Only question is for the digital holdings - best to trade into silver or gold today?

[ynot2k]

Good job motocat.

I know it's a rhetorical question but since you asked... why not keep it digital for a while so you continue to trade the ratios that make sense and when the slide down finally reverses you'll be in good shape to add more physical. I understand that you are also buying physical but those are some thoughts on the digital side of things.

[motocat]

I do keep lots of digits, and buy from local with cash. Sometimes when I buy physical with cash, I sell digital PM holdings that then become "dry powder" for other trades. When I say I "buy with proceeds", it's actually with cash reserves I have. Same thing if you think of it, I just transfer in my mind, and it become real to me. I'll even do things like buy physical gold, then sell digital gold in trade for digital silver, and in that way get increase silver holdings while keeping low premiums of gold. Gold is really my physical play, and while I once held palladium bars (and even rhodium), given their very high buy sell spread, I'll only trade them digitally now. Silver and platinum are more like 1/2 and 1/2, and I also keep some in Kitco's pool, however that is not for frequent trading, only for when ratios get extreme. (I keep digital PM's in my retirement accounts to avoid the tax penalty of holding precious metals).

[ynot2k]

JMB has bars at 57% off premium.. at the moment comes in $6 less than palladium pool.