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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Saturday, 19 October 2013

Palladium


not something I look at very often...interesting chart...does it lead or follow the other PM's ?
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3 comments:

  1. Anonymous19 October 2013 at 18:48

    Pd responds to industrial demand (cat conv) and if there is a turndown in Autos, it will take a turn in the woodshed. Pt is prolly a better bet here. Problem is with phy Pt the premium over spot can be high. Easily $100 for a nice coin. Pt also used as catalysts but in a broader variety of apps. The safest ETF is SPPP for PGMs.

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  2. Anonymous19 October 2013 at 19:54

    Palladium demand is drive largely by auto production, given it's use in catalytic converters.

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  3. Chartrambler19 October 2013 at 21:57

    Thanks Wile.I knew about the auto connection of course. I think the palladium chart looks quite bullish.Gold is much more binary but we should find out soon :-)

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