I guess it was always a slim hope, anyway.
Sorry, I didn't make my point well. I meant that COMEX will continue to set the price, but when end users can't get delivery from COMEX at the artificially set price (say, $20), they'll go to the silver streamers, who will charge $40 to $50. The South Americans will think the price is still $20, because they'll look at Kitco and see it's only $20! lol
To the silver streamers, of course!
When I read your subject line, I thought you were going to talk about how potent methane is as a greenhouse gas. However, you're right - NG is very dangerous - imagine if the USA were criss-crossed by NG transport pipelines? Compare that to the benign and safe method of transporting coal - via rail line!
Just read the website at CO2CaptureProject/dot/org and it actually sounds like it's getting a lot of push from The Powers That Be (both governmental and industry.) Mercury might be right - if CO2 capture technology can be done at a reasonable price, coal might have a renaissance.
... PAL will probably be maneuvered into BK by the debt holders, who will then reap the benefits of sky-high palladium prices by taking control of one of the few sources of Pd in the Western world.
It would be sweet justice if Americans were to suffer electrical outages because of the shortage of coal. Greenies might then be identified as the traitors they are.
Why is Washington lending money to a neo-Fascist regime that overthrew an elected government? I'm afraid I don't get it. But then, I never took any political science courses.
Debt holders want to take over PAL for the very reason that Pd prices will skyrocket soon. They need to wrest control from the equity shareholders.
... and leave the equity holders... well, holding the bag.
Who will win this tug of war, hmm? LMAO!
Write your Congressman - boycott Russian palladium! That'll teach them Rooskies!
Write your Congressman and demand that Russia's evilness be punished by banning palladium imports from Russia!
It's the only way to send those Rooskies a message!
USA should definitely retaliate by banning palladium imports from Russia! Everyone should write their Congressperson, demanding that Russia be punished by blocking imports of palladium!
Hmm. Good point. Maybe I should go to my local liquor store and buy out the Stoli inventory. I'd probably get a better return on Stoli than PAL! lol
I wonder if he's thinking about... PALLADIUM!
"If there are international efforts to impose sanctions on Russia, then this could start to impact the PGM (platinum group metals) sector and specifically palladium given Russia is the world's largest producer of palladium and given its large holdings of above-ground stocks," Deutsche Bank says.
According to Deutsche Bank, that is.