OTCPK:PALDF - Post by User
Post by
mousermanon Sep 11, 2019 3:29pm
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Post# 30117324
PGMs and Gold heading back higher today
PGMs and Gold heading back higher todayLittle selloff of late in gold is reversing today. now trying to break back over 1500$ US , not so long ago it was trading 20$ higher than palladium.
NOT any more.... today Palladium up $14 as i type , topping 1552$ US, which is more than 50$ per oz higher than gold. Platinum also back up 12$ today to 940$ and we should see it go thru 1000$ here in the next while as shortages hit there as well. Also with the price of Palladium so high , some carmakers are already looking at switching platinum for palladium. But it is not an easy process and many believe it takes longer than 1 year for change to production. By that time platinum may well be selling at prices similar to Palladium, so i DONOT think the changes will happen at current pricing.
Not sure what the sellers were looking at today, maybe just some technical signals. We do know some entity is using anon to move the stock trading around today.