Obviously the Russians are getting a bit uncomfortable with the low palladium price. They are giving clear hints to the market. And every one knows it is completely within the capacity of the Russians to limit supply and boost price whenever they feel like to. Why would they be continue doing this when the market is showing they do not need the extra supply:
"Palladium stockpiles in Russia have been falling for ``quite a while'' because Norilsk has been selling the metal to MEET requirements from overseas end-users, Berlin said."
``There is an end to stockpiles,'' Berlin said, declining to give the volume of inventories. ``It cannot be infinite.''
I started using the Kitco pool account this week and have mixed feelings. I have been buying all this week and got some pretty nice prices today in Plat and Palladium, but now the website is down. I used the last of my cash with todays purchases but if I had more to buy I'd be pissed that I wouldn't be able to access the site at these prices. This is what their site says, "Please Note: Due to unexpected maintenance, Kitco's online ordering system is temporarily down. We are currently working to restore Kitco's online store to full operation.....Hmmm I wonder if these pool accounts are conveniently inaccesable during periods where you could actually buy and make some good money!!! Conspiracy or just coincidence? Anyway what gives with APMEX? I would always buy palladium from them but now they want $100 premium over spot??? Yeah right. Well good to know they are buying back at $20 over spot...But I think I'll wait a while before I sell mine. I enjoy reading your posts Tellie and the links to bloomberg. Keep it up.... gakman2004
Dellrium has spoke. This can only mean further collapse in Platinum as we see the horrific drop today on top of the horrific drops that have been coming NON STOP ever since Dellerium began pumping PGMs ceaselessly on these boards.
Man you are the consummate kiss of death to any investment Dellerium, you market ignorant, know nothing, wanna be, playing with mommy and daddy's money, fool!