The world has run out of Palladium

Discussion in 'Metal Futures' started by blowingup2012, Apr 28, 2012.

  1. The Russian stockpile has been exhausted and you know what that means! Can you say Palladium futures? Can you say $2000 an ounce?
     
  2. zdreg

    zdreg

    this is not the first time that you post without providing a link for a statement of fact which may or may not be true.
     
  3. He's just a troll thats been here for years, under varies aliases. Why would he change his strategy now? :D

     
  4. Banjo

    Banjo

  5. Do your own research. Go to stockcharts and there is a chart on Palladium there if your broker doesnt have it. Google Russian Palladium.

    The truth is no one knows just how much Palladium Russia has in its enduring stockpile, but the rumor is they are just about out. They stockpiled huge amounts during the 70s and 80s. Since the breakup of the Soviet Union, they have been selling off Palladium from the stockpiles.

    Palladium is primarily used in catalytic converters so as auto production ramps up so does the need for Palladium.

    There is not enough mined Palladium to satisfy demand. Therefore, if the stockpile runs out then prices get goosed to unheard of levels. The question is..are the rumors true about the stockpile or are they not true?
     
  6. I don't get the point of repeating these rumors (which in the case of Pd have been circulating for years). Do you really think you are going to move the market and capitalize, or is it so much fun to repeat unbacked rumors?