Palladium: Price Nose Dive - what's happening ?

[Happypanda88]

Whatever is happening to the price of Palladium?  It has been falling sharply in past six months !  🤔

Is this a correction from the price rise of previous years ?  🤔

Anyone looking to buy the dip ? 😬

 

[harrygill111]

Could this be due to soaring electric car demand and far less production of cars with catalytic converters? My local audi dealership said they sold something like 70% fewer cars despite the new registration coming out a few months ago. 

I don't think i'll buy the dip personally. There might be a short time rebound when when chips start arriving with car manufacturers and they start producing cars at normal rates, but surely demand will continue to trend down over time. Although costs of production continue to rise, palladium is a by product of mining for other other metals so I don't think price will limit supply any more than natural production rates. 

This is based on commercial demand and doesn't factor in retail/jewelry and investors. Would be interesting to see what others think?

 

[sixgun]

Palladium was caught in a short squeeze following the VW emissions debacle. It sprang into life after being very flat for years. 
As far as coins and bars they are pricey and there isn't much demand. Silver is an easier play.

 

Edited December 16, 2021 by sixgun

[flim]

50% correction to near 1500, from 3000

yes time is right to be buying, but premium is higher than platinum and silver

[jultorsk]

Gets a mention at 6:30 or so. Maybe it is the canary in the coal mine.

 

[ShineyMagpie]

Do people have any recommendations or places to buy fractional palladium coins from? Thanks in advance 

[CollectForFun]

2 hours ago, ShineyMagpie said:

Do people have any recommendations or places to buy fractional palladium coins from? Thanks in advance 

I'm not sure if there even are any fractional Pd bullion coins, or if it's 1oz only (Edit: there apparently are some 1/2oz pandas). But there are 1/5/10/20g bars, or you can find Russian Pd coins from the 90s which were 1/4 and 1/2 oz.

[daca]

16 minutes ago, CollectForFun said:

I'm not sure if there even are any fractional Pd bullion coins, or if it's 1oz only (Edit: there apparently are some 1/2oz pandas). But there are 1/5/10/20g bars, or you can find Russian Pd coins from the 90s which were 1/4 and 1/2 oz.

and also 1/10 oz round from Johnson Matthey

[SilverStorm]

It's interesting that this topic was posted, as I was looking to buy a 1 oz palladium maple leaf last week.  Spoke with my bullion dealer and he told me that the Royal Canadian Mint doesn't make them anymore due to low demand.  Demand for palladium has been more of a bandwagon type of thing (at least here in Canada), everybody piles on when someone pumps it and everyone gets the FOMO mentality.