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PALLADIUM

PALLADIUM (PALLADIUM)

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Closed November 03 6:59PM
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PALLADIUM Discussion

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Pro-Life Pro-Life 4 years ago
Hmmm... I've got research to do for those years. TY!!!
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jgrabar jgrabar 4 years ago
There are a couple of class actions filed. The futures spoofing cases have met with some success recently. Those who sign up as class representatives can also seek court approved incentive awards - which have ranged in these cases and can be in the 6 figures.
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Pro-Life Pro-Life 4 years ago
$48k margin to trade 1 contract of $PALL
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Pro-Life Pro-Life 4 years ago
There'll be a big red candle added to the charts above... all the metals got pounded today... that kind of takedown requires a ton of coordination between complicit parties in all the metals including copper. #Ridiculousness
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Pro-Life Pro-Life 4 years ago
Ok, but do the swindled traders get those proceeds? Probably not and they will never get compensated either.
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jgrabar jgrabar 4 years ago
Hi Pro -

Complaints have been filed on behalf of traders of gold, silver, platinum and palladium futures by traders who transacted in those contracts between January 2008 and July 2016.

A pair of commodities traders sued Scotiabank on Friday after the Toronto-based bank admitted in a $127 million settlement with the U.S. government to an eight-year scheme to manipulate the market for precious metals futures contracts.

Casey Sterk and Kevin Maher filed their complaint in New Jersey federal court, accusing the bank of a spoofing scheme that was detailed by the U.S. Department of Justice and the U.S. Commodities Futures Trading Commission on Aug. 19, when the agencies announced Scotiabank had entered into a deferred prosecution agreement and would pay $127.4 million in fines and forfeiture.

Regulators said Scotiabank had admitted to its role in a scheme by which four bank traders engaged in manipulative trading in the gold, silver, platinum and palladium futures contracts markets on the New York Mercantile Exchange Inc. and Commodity Exchange Inc.

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Pro-Life Pro-Life 5 years ago
Does Palladium Signal the End of Paper Futures in Gold and Silver ? Possibly. But Not Yet
by Sprott Money Fri, 01/24/2020 - 07:00

https://www.zerohedge.com/news/2020-01-23/does-palladium-signal-end-paper-futures-gold-and-silver-possibly-not-yet
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PennyStock Alert PennyStock Alert 5 years ago
Metals hit HARD... ouch.
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Pro-Life Pro-Life 6 years ago
Palladium Tops $1,400 First Time Ever On โ€˜Avariciousโ€™ Demand
Allen Sykora Thursday January 17, 2019 11:28

https://www.kitco.com/news/2019-01-17/Palladium-Tops-1-400-First-Time-Ever-On-Avaricious-Demand.html
(Kitco News) - Palladium โ€“ described as a tight market for some time now due to robust automotive demand โ€“ topped $1,400 an ounce for the first time ever on Thursday.

A desk trader in the physical market said that at one point, palladium suddenly rocketed ahead by around $80 in three hours. Another dealer said prices then eased on profit-taking, but he looks for another test of $1,400.

Spot palladium was $32.75 higher to $1,389.55 an ounce as of 11:11 a.m. EST. The metal peaked just above $1,431 overnight. This was $136 higher than the session peak in spot gold.

โ€œSupplies [of palladium] are pretty much what they were, but demand has been avaricious over the past year,โ€ said Bill Oโ€™Neill, one of the principals with LOGIC Advisors, in an interview with Kitco News. โ€œAs a result, we have soaring palladium prices and a premium to gold.โ€

TD Securities issued a research note saying palladium โ€œis in a class of its ownโ€ right now. The sharp gains come on a day when the other precious metals โ€“ gold, silver and platinum โ€“ are all steady to modestly softer.

โ€œThe metal, which is primarily used in auto catalysts, appears to be immune from changes in risk appetite as its structural deficit continues to power a surge in pricing โ€” despite crumbling auto sales and concerns about a global growth slowdown which have otherwise caused sharp corrections across global markets,โ€ TDS added.

Afshin Nabavi, head of trading at trading house MKS (Switzerland) SA, pointed out that the palladium market is still in backwardation. For any commodity, this is when nearby contracts are more expensive than deferred. This is seen as a sign of tight supplies since buyers are willing to pay a premium to get the commodity right away.

โ€œThere is good demand for the physical and lack of availability for supply,โ€ Nabavi told Kitco News. โ€œItโ€™s been going on for a while now.โ€

The London-based consultancy Metals Focus estimated that the 2018 global palladium supply-demand deficit was 1.1 million ounces. This means that the worldโ€™s above-ground stocks are being whittled down to meet demand, analysts explained. The big demand has come from auto manufacturers due to the use of the metal in catalytic converters. The industryโ€™s use for palladium rose to 8.5 million ounces last year, up 47% from 5.8 million in 2010, according to Metals Focusโ€™ data.

George Gero, managing director with RBC Wealth Management, also cited strong demand from the auto industry, but added that some palladium is also used in the energy industry. Much of the metal right now is in the form of a sponge, a powdery substance use for industrial purposes.

โ€œYouโ€™ve got a bit of a shortage in deliverable bars,โ€ Gero said.

Buy stops were triggered early Thursday, accelerating the price ascent sharply in thin trading conditions, Nabavi reported. Stops are pre-placed orders activated when certain chart points are hit.

โ€œOverall, it feels like we may be in for another test of $1,400,โ€ Nabavi added.

Analysts with the Hightower Report said palladium โ€œcontinues to defy gravityโ€ and could become an investment โ€œfadโ€ since it now has a premium to gold. โ€œIn other words, it is possible that palladiumโ€™s own momentum will result in even more gains directly ahead,โ€ they said.

Commerzbank analysts commented that palladium investors appear to be ignoring some of the weaker sales figures in all of the major auto markets lately.

โ€œInstead, they are seeing news such as the planned widening of a strike to include the platinum mines of a major South African gold and platinum producer as being a good reason to buy,โ€ they said. The country is also a major palladium producer due to mining of the metal as a by-product in platinum mines.

BMO analysts said some of the recent strength in palladium has been driven by yet another supply concern โ€“ the U.S. Congress โ€œpushing back on efforts to ease sanctions on Russia.โ€ Concerns about palladium supplies from Russia sometimes develop during U.S.-Russia disputes since Russia is a major palladium producer and investors worry that these issues could restrict the flow of metal.

Oโ€™Neill said a key question for the market may be whether palladium prices have soared so much that auto manufacturers will start substituting more less-expensive platinum into catalysts. Because car sales have shown some signs of sluggishness, manufacturers may not have been as aggressive in shifting metals as might otherwise be the case, he added.

โ€œNow weโ€™re reaching levels where they may change,โ€ Oโ€™Neill said. โ€œBut it will take another year before they can change everything over. There will be a point where palladium tops out, but it doesnโ€™t look like itโ€™s in the near term.โ€

In a research note earlier this week, Metals Focus said there is potential for a profit-taking pullback in the near term after the sharp run-up in palladium prices. But the consultancy firm otherwise remained upbeat on palladium.

โ€œIndeed, we believe that this trend will continue into 2020 and beyond, as persistent deficits push the palladium price through new record highs,โ€ Metals Focus said.

By Allen Sykora
For Kitco News
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Pro-Life Pro-Life 7 years ago
$PALL flirting w/$1000 oz.
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Pro-Life Pro-Life 7 years ago
A monstrous 2 year run continues...
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Pro-Life Pro-Life 7 years ago
Palladium Suddenly Spikes To 16-Year Highs
by Tyler Durden Sep 1, 2017 6:50 PM

http://www.zerohedge.com/news/2017-09-01/palladium-suddenly-spikes-16-year-highs
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Pro-Life Pro-Life 7 years ago
PRECIOUS-Palladium Surges 7% to Highest in 16 Years; Gold Retreats
Friday June 09, 2017 11:14
* Palladium hits highest since February 2001

http://www.kitco.com/news/2017-06-09/PRECIOUS-Palladium-Surges-7-to-Highest-in-16-Years-Gold-Retreats.html
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Pro-Life Pro-Life 8 years ago
Weekly chart looks really solid...
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Pro-Life Pro-Life 8 years ago
And that chart pattern continues bullish...
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Pro-Life Pro-Life 8 years ago
$PALL has a tremendouly bullish chart:

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Pro-Life Pro-Life 8 years ago
Merry Christmas...

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Pro-Life Pro-Life 8 years ago
Copper/Palladium and base metals...
going the opposite of the PM's including Platinum...
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Pro-Life Pro-Life 8 years ago
FUD supporting metals/semi-precious metals...
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Pro-Life Pro-Life 8 years ago
The uptrend continues for the PM/Semi-precious metals.
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Pro-Life Pro-Life 8 years ago
Trying to reach new highs for the year... watching closely.
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Pro-Life Pro-Life 8 years ago
Buy zone again???
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Pro-Life Pro-Life 9 years ago
New high for the year in today's action...
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Pro-Life Pro-Life 9 years ago
Still no change...
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Pro-Life Pro-Life 9 years ago
What a sick plunge from summer of last year...
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Pro-Life Pro-Life 9 years ago
An amazing week for a beat down metal... +8.64%
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Pro-Life Pro-Life 9 years ago
Nothing new...
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Pro-Life Pro-Life 9 years ago
Metals in collapse mode...manipulated, of course...
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Pro-Life Pro-Life 9 years ago
Another new multi year closing low... $PALL
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Pro-Life Pro-Life 9 years ago
Best performing metal of all in the last 4 years: $PALL
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Pro-Life Pro-Life 10 years ago
Metals hit HARD... ouch.
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Pro-Life Pro-Life 10 years ago
Shorted down $100 is crazy good but I still do not like it... makes no fundamental sense.
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Pro-Life Pro-Life 10 years ago
Nothing has really changed in a month.
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Pro-Life Pro-Life 10 years ago
$PALL falling lately but a huge reversal correction/bounce
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Pro-Life Pro-Life 10 years ago
Bill Gates Sponsoring Palladium-Based LENR Technology
Tuesday December 23, 2014 14:20

http://www.kitco.com/ind/Albrecht/2014-12-23-Bill-Gates-Sponsoring-Palladium-Based-LENR-Technology.html

Low energy nuclear reactor (LENR) technology, and by extension palladium, is attracting the attention of one of the richest men in the world and a pioneer inventor of new technology.

LENR is scienceโ€™s new approach to the 1990sโ€™ concept of โ€œcold fusion,โ€ which failed spectacularly. However, by learning from previous mistakes, and by applying newly developed nano-technology, scientists around the world have since worked on ways of making LENR work.

In a recent visit to Italy, billionaire business man, investor and inventor Bill Gates said that for several years he has been a believer in the idea of LENR, and is a sponsor of companies developing the technology. Gates is not only the Chairman of TerraPower, a company developing a โ€œnew class of nuclear reactors using innovative core physics.โ€ He is also a member of the American Energy Innovation Council and supporter of new technologies through the Bill and Melinda Gates Foundation, which he founded in 2000.

In June of this year, he wrote a blog titled โ€œWe need Energy Miraclesโ€ to stress the importance of new technologies like LENR.

Tech Metals Insider previously reported on the technology, its โ€œside effectsโ€ of creating precious metals, and its application by Mitsubishi Heavy Industries of Japan.

During his trip to Italy he visited the national agency for new technologies, energy and sustainable economic development (ENEA) where scientists have made significant progress towards a working design for low energy nuclear fusion. The centerpiece of their design is the same as in Mitsubishiโ€™s: palladium.

Creating palladium foil with just the right parameters, and managing stress levels in the material was a key issue, one that the researchers at EMEA were able to resolve several years ago.

Nuclear Energy Times describes the state of LENR development as โ€œlaboratory experiments which have the potential to produce nuclear-scale energy and nuclear products but without the harmful effects of conventional nuclear energy.โ€

A palladium miracle in the making? It will take a while to find out, but LENR certainly has the attention of serious scientists and investors today who believe in its future.
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Pro-Life Pro-Life 10 years ago
$PALL has a great day...
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Pro-Life Pro-Life 10 years ago
In the world of palladium stocks... The Turnaround Story At North American Palladium Is Growing Legs by David White
This article was published on Mon, Nov. 24, 3:17 PM ET

Via e-Mail...

Lots of charts in this must see article...

http://seekingalpha.com/article/2707655-the-turnaround-story-at-north-american-palladium-is-growing-legs?uprof=45
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Pro-Life Pro-Life 10 years ago
What a move off the bottom in PGM's...
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Pro-Life Pro-Life 10 years ago
What a difference 60 days makes... There is little reason for such a dramatic fall... Not like the fundamentals changed overnight!!! Right?
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Pro-Life Pro-Life 10 years ago
$PALL at fresh multi-year highs!!!
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Pro-Life Pro-Life 10 years ago
Palladium Bull Market Is Here To Stay;
Is North American Palladium?
Jul. 6, 2014 12:11 PM ET About: North I American Palladium, Ltd (PAL), Includes: PALL
Disclosure: The author is long PAL, PALL, SWC. (More...)
Summary

- Palladium ready to break out to new all-time highs?
- Insider buying shows confidence in future prospects of North American Palladium.
- North American Palladium could become a multi-bagger if palladium breaks out to new all-time highs.

http://seekingalpha.com/article/2300715-palladium-bull-market-is-here-to-stay-is-north-american-palladium?uprof=45

See the link above for the most comprehensive writing on the subject that I have seen...
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Pro-Life Pro-Life 10 years ago
$PALL NON STOP BULL, BABY!!!
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Pro-Life Pro-Life 10 years ago
Holy cow... This is great for the bulls!!!
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Pro-Life Pro-Life 10 years ago
$PALL, wowzerz, another great week:

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Pro-Life Pro-Life 10 years ago
How things change... the trend is cemented upward!!! $PALL
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Pro-Life Pro-Life 11 years ago
$PALL another huge drop today...

http://palladiuminvestingnews.com

Based upon headlines at the link above, I can only guess that the drop in the price of palladium is linked to options expiry.
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Pro-Life Pro-Life 11 years ago
The weekly chart looks primed for a huge upside breakout well above 750/oz.
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Pro-Life Pro-Life 11 years ago
Today on Kitcoโ€ฆ BMO: Auto Sales Support Top Metals Pick Palladium
Wednesday December 11, 2013 9:34 AM

BMO Capital Markets says palladium its top pick in the metals sector, with support coming from growth in auto sales. The firm cites data showing that Chinese passenger vehicle sales in November were at 16.9 million units on an annualized basis, up 16% year-on-year. U.S. sales were an annualized 15.2 million, up 9% year-on-year, while Europe was largely flat. BMO expects auto production growth in China and the U.S. "to outpace industrial production in general for the next year or two at least, supporting palladium demand relative to other metals.โ€ These two countries, whose auto markets mainly consist of gasoline-powered cars, tend to rely upon palladium for catalytic-converter systems, whereas Europe and its larger diesel-powered market is more exposed to platinum. On the supply side, BMO says production growth in South Africa is โ€œsomewhat offsetโ€ by expectations for a decline in both Russian production and stockpile draws. BMO anticipates โ€œa deficit market for palladium for many years, which should support prices.โ€

By Allen Sykora of Kitco News; asykora@kitco.com

http://www.kitco.com/news/2013-12-11/KitcoNewsMarketNuggets-December-11.html
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Pro-Life Pro-Life 11 years ago
$PALL touching the MA200... up from here?
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Pro-Life Pro-Life 11 years ago
The charts show resilience in $PALL.
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