This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Saturday, 19 October 2013
Palladium
not something I look at very often...interesting chart...does it lead or follow the other PM's ?
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.
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 :-)
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.
ReplyDeletePalladium demand is drive largely by auto production, given it's use in catalytic converters.
ReplyDeleteThanks 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 :-)
ReplyDelete