Palladium trading

Indeed. Unacceptable in my opinion. Very angry with them about that.

Interesting article: Palladium’s Biggest Miner Takes Steps to Cool Red-Hot Market

Without a swing producer, the palladium market won't be impacted by any one company trying to provide relief. Even though Nornickel (Norilsk) is the world's largest palladium producer, it's not by that much when compared to the Saudis and the oil market. In order to really impact prices, a few of the top palladium producing companies would have to agree to add supply, which from what I've read isn't the case.

Global Prime e.g. did not suspend Palladium, so whatever ICM is doing, it smells like bucket shop ..

absolutely without a doubt. everyone is allowing palladium trading. its just ICM... so mad at them. what's the point of a broker if you can't trade!

Palladium is outperforming the other precious metals and it's not really even close.

Very much cornered market. It doesn't seem to be trading freely. Car productions has been hit massively! China has been shut down for nearly 8 weeks now.
So who is buying it? The price of Palladium has been controlled by select group. My broker stopped trading Palladium which is very annoying and disappointing. If they allowed it; I will be just buying and won't even care about selling it. Just BUY BUY BUY.

With South Africa on lockdown, Palladium is rallying big. Platinum too, but not to the same extent. Here's Palladium (CME contract):

When I first started with physical metals Palladium ozTs were readily available for about $250 bucks.

But with silver at appx $7 and Gold at appx $700 my interests stuck with the two main metals. Especially Silver at $7! And that was down from a high.

Shortly thereafter PD doubled to $500 and I always made the excuse it was too much for a semi illiquid metal when the others are at steals. I kick myself every time I think of that false justification.

It’s illiquidity would’ve helped me hold and grow a stash!
I’ve now seen it go from appx. $250 per ozT to a whopping 11 x that! With a spot high of appx $2750!

I mean damn! That has literally been the easiest trade of the past two decades. Buy any major dip and hold.

It’s not like you can just walk in to some shoddy Cash for Gold joint and expect to unload ozs of PD and get paid close to 2k for it. You’ll either get seriously underquoted, or get a reply of sorry, we don’t deal with this metal. Not to mention those who don’t even know what it is!

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Unless you know a good deal about it and it’s industrial apps, mine locations and output, supply and demand, etc., I don’t recommend it for day trading at all. There are guys that trade the Futures contracts for Institutional or Hedge funds but they’ve been in the biz.

The chart can be very choppy and literally just move sideways then drop, then double up. If anything look at longer time frames and I expect a continued rise with dips along the way.

This is all due to its industrial applications and potential future apps., as well as stealing value from PT.

As a monetary base it doesn’t hold a candle to gold.

For instance say tomorrow someone develops a PT based alloy that does the same as PD does but uses only 1/4 ozT of PT, PD would drop off sharply. It could easily lose half its value in a week.

This cannot or does not happen to Gold due to its role as the “universal currency.”

PT was the metal pushing 2500 years ago, although there were mining issues that helped that price.

On the flip The US Mint and other GVMNTs make official coins with it and it has a role in jewelry, so even if it were to fall off, I would still expect it to remain in demand in certain sectors, the aforementioned being some.

Palladium (and platinum) are looking strong. It broke out today. It's at its highest levels since early March. A move higher will probably depend on how precious metals are impacted by what the Fed does tomorrow. Long term fundamentals still support Palladium (and precious metals).

Crazy divergence in Palladium outperforming Platinum today.

Palladium is tanking: