I Dont Like To Make Predictions On Metals But.....

Pd is also used in the petro-chem industries as a hydrogenation / de-hydrogenation and reformulation catalyst in the production of gasoline and other high volatility distillation cuts. It is an interesting metal. It is just as rare as Pt but only costs about 1/2 as much.

Indeed. NOW is ALL we KNOW.

So, BB... are you buying or planning to buy some Pd? Might be good.

Interesting. I have some cash that needs to be converted into something more substantial, so have been looking at the 1-oz. Pd Maples as a possible addition to the stack. I'm just not sure that it would be good to hold for a long time. As a buy and roll it over in 6-12 months candidate, though, it looks pretty good.

Thats pretty much what my plan was all along which is looking good right now had I actually remembered to do it.

Im skeptical of long term value of things like these rare earth elements, theyre in demand now but could easily be replaced in the future. Its one thing for silver to crash, another for a few hundred dollars an ounce too

oh boy-

you gotta love the strength in this metal. gets knocked down, and here we are again wanting to challenge new yearly highs.

Also, fellow Pmetal, Platinum on an absolute rip. This one also is within striking distance of yearly highs.

I continue to believe these are your PM leaders for 2013.

I will also say this- the more a price point gets challenged and probed and poked, the more likelihood of a new price trend. We are seeing this in both Palladium and Platinum, both get washed out and knocked down and rip back up... and its clear the technical picture is of strength for these two metals.

Now going forward, theres a couple of scenarios-

a- both keep rushing higher without let up from this point

b- because of the fast and furious moves, they break yearly highs which could signal further price appreciation

c- because price has memory its also possible they pause here and then


C1. they pull back and chop around before moving higher

C2. they fail at the highs and roll over again

so like everything else, its a continue waiting and watching game.

I am tho, thinking that higher prices are on tap because

1- the vicious response in these after they get knocked down

2- I have been saying for a while now, domestic and world car production is rising and cars use these two metals in their environmental systems. This is not a US story only but a global story as Japanese and Indian car markers too name a few are ripping higher as well.

as always the market will have the final say but keep your eyes peeled to see if these two metals make yearly highs early in 2013

Palladium coming into a very important area today. very strong action past couple of days.

very interested here at this point to take a line and go long palladium.

Ed_B

Yup got it here on my screens, first entry was looking at over 70.62 next entry of 71.67 would be next, which would be the 52 high.

I had other trades trigger and it didn't make my list. But its look very good, probably needs some rest here but should be interesting to see the markets action in the coming days.

PPLT and PALL are the easier vehicles to use for these two metals, and afford you good tax benefits also unless you can trade the futures which would also be the best.

If you really want to get sophisticated, you could buy the physical coin and hedge the purchase by either selling short these two and or options.

In the coming months if I have time I would like to write up some articles on how members here can open up their own brokerage if they haven't and dabble even for fun with these PM ETFs and ETNs and help everyone out.