$Palladium
As the moment of writing = MINUS 9% TODAY (alone).
Thats’ not good Goldbugs.
As the moment of writing = MINUS 9% TODAY (alone).
Thats’ not good Goldbugs.
Super Nova !
Smart Guys who figure the Palladium : Platinum Ratio is WAY OUT OF LINE and a SURE THING TO MEAN REVERT
have had their asses handed to them
Palladium is over 2X more valuable than Platinum
This is Nuckin Futz
Everybody knows that Platinum has always been far more precious than Palladium …this ratio is so out of whack and just gets whackier all the time.
maybe Teslas are made of palladium ?
Very encouraging – back inside pattern.
EDIT:
The YEN is making a strong upside move at the moment. The YEN is considered a safe haven – like gold (only gold is better!) Am somewhat concerned about the downward pressure on agricultural commodities again today. Also $palladium taking a big hit. Something’s up…
EDIT:
Tweaked trend line for GLD. Market not yet closed. Would love to see GLD blow through the top of the pattern.
For almost 16 years Mr. Market has valued Gold higher than Palladium. The last time these metals were equal was back in the year 2002 when both metals hovered around 300.
From 2003 through 2018, the Palladium:Gold ratio built out a 15 year inverse head and shoulders with a breakout above the neckline in late 2018. In November 2018, the $PALL:$GOLD ratio reached a value of 0.98, almost hitting the 1.0 Parity Line.
Back in 2001, the ratio hit a high around 4.0 (Palladium valued 4X more than Gold). If the ratio were to retest 4.0 while Gold remained static at 1300, this implies an upside target price of 5200 for Palladium, roughly 3.33X higher than Palladium’s current price around 1200.
For now, Mr Market values Gold slightly higher than Palladium. But if the $PALL:$GOLD ratio breaks through and sustains above the 1.0 Parity Line, I would research Palladium mining stocks, especially if the ratio develops a trajectory to retest the 4.0 level from the year 2001 highs. -Harry
Here is an interesting video from Kitco:
Johann Wiebe Lead Metals Analyst, Thomson Reuters GFMS has some things to say esp about platinum as well as gold vs the US dollar.
Platiinum and palladium is a mystery. I can’t make head or tail of the chart longer term because of the huge spike in palladium in 2000 and the bubble in platinum around 2008. PALL/PLAT looks perhaps a bit toppy now, unless it’s a halfway pattern. Pd jumped back over $900 again at the end of this week and Pt sank under $800, wow.
The are very close to the same thing when it gets right down to it
They look identical
They have similar Industrial uses…Catalytic Converters , Jewlery , etc
They are Both considered Precious Metals
Traditionally Platinum is a Premium to Palladium
Presently Platinum is under $900 an ounce and Palladium is over $1000 an ounce
The only other time there was an inversion was down into year 2000….when it reversed the gold Bull began.
Something very strange going on right now…first time ever $Splat is dropping and $Pall is rising.
This may be analysing the obscure but it is interesting
Plat:Pall Ratio Long Term ( with Gold Overlay)
Platinum and Palladium on the same chart.