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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Horgad who wrote (153380)	2/19/2020 10:22:37 AM
From: TobagoJack	Read Replies (2) \| Respond to of 217617

Re <<worth>> ... exchanging messages w/ China-based lady whose dad invested 300M in Canada coal concession, and I showed her what is worthwhile to me, paper, and she showed me what is worthwhile to her. Nothing about gold silver or diamonds ... and i responded that the garbage bags she used to haul her loot is now very sexy in Hong Kong Dirty talk evolution, away from whatever ostensibly wanted to everything sorely needed

To: Horgad who wrote (153380)	2/19/2020 11:58:06 AM
From: TobagoJack	Read Replies (2) \| Respond to of 217617

All gone nutty Am dancing in mine field Palladium Tesla Not.gold Certainly.not.silver Definitely.not.platinum Am unsure what if anything bitcoin is doing Am near-term long Tesla, getting the religion, Feeling like a proper and retarded bull, but remain long term bearish, which may later take away near term gains. One day at a time. Tomorrow is option expiration day, and reckon moment / way-point calibration time. The portfolio is lopsided by TSLA equity and covered calls, and naked puts. Of course i suppose both my calls and puts can be activated against me given the intraday volatility No matter but do not know until I know Strangely, I like fast action and hate waiting According to the below article (I think it is rubbish) the higher and faster palladium climbs, the faster electric cars would go, and thus I guess, Tesla I do not think price of palladium makes that much of a difference in the price of a car. They can always lease the tail pipe as a separate asset class and spin the pipes into an tailpipe bond, enabling folks to invest in the annuity-esque schema :0) wsj.com Palladium Prices Hit Record Despite Chinese Auto Disruption Demand for the precious metal has surged as auto regulators tighten emissions regulations in China and Europe Joe WallaceUpdated Feb. 18, 2020 3:47 pm ET Palladium prices soared Tuesday despite shutdowns and delays at car plants in China, the world’s biggest consumer of the precious metal, highlighting an extended spell of volatility in the commodity’s market. The price of the metal—which is in high demand from auto makers seeking to meet tighter emissions standards—jumped 7.8% in the New York futures market, with most-actively traded contracts hitting a record of $2,497.60 a troy ounce. The continued rise took traders and analysts by surprise as it extended the advance in 2020 to more than 30%. Prices have more than doubled since the end of 2018. China’s automotive market has been disrupted this year by the outbreak of the new coronavirus as factories were forced to halt operations to help curtail the contagion. Germany’s Volkswagen AG has postponed resuming production at some of its Chinese plants until next week as the quarantine of nearly 60 million people constrains the transportation of both parts and workers. Palladium’s price, meanwhile, has rallied as its supply has been strained by years of stalled production by miners. Palladium market balanceSource: Johnson MattheyNote: Figures exclude consumption and supply ofrecycled metal. .million ouncesDemandSupply2015’16’17’18’19024681012 “It’s the most dysfunctional market I’ve ever seen in my life,” said Michael Widmer, an analyst at Bank of America. If palladium keeps growing more expensive, it will force car manufacturers to electrify their vehicle fleets faster than previously planned, he added. Upheaval in China, the world’s second-largest economy, following the coronavirus outbreak has weighed on the price of many raw materials, including oil and industrial metals. Oil prices were little changed Tuesday, with U.S. crude futures erasing an earlier slide to close unchanged at $52.05 a barrel. Brent crude inched up 0.1% to $57.75 a barrel. Most-active copper futures inched up 0.2% to $2.6040 a pound, but like oil futures are still well below their early year peaks. While analysts are worried about falling consumption of those commodities, demand for palladium has surged in recent years as officials in the European Union and China imposed stricter restrictions on emissions from cars. When applied to catalytic converters that are fitted to gasoline-driven cars, the metal is highly effective at converting toxic gases such as carbon monoxide into substances that are less toxic to inhale. Employees shape an ingot of 99.98 percent pure palladium at a plant in Krasnoyarsk, Russia, last year.Photo: Ilya Naymushin/Reuters Almost all gasoline cars manufactured in China this year will meet updated emissions standards, up from two-thirds in 2019, according to a recent report by the U.K.’s Johnson Matthey. The British chemicals maker said this will raise the average amount of palladium that car makers use in each catalyst, and could push the global demand for the metal in the auto industry above 10 million ounces. Supply hasn’t kept up pace with consumption because palladium is typically produced as a byproduct of platinum, and miners are wary of flooding the weaker platinum market with excess material. Prices have spiked as a result, providing a windfall for the handful of South African and Russian miners that dominate production of palladium and its sister metals. The rally is hurting auto makers already grappling with a downturn in the global car market and the cost of designing and producing new fleets of electric vehicles. Global demand for palladium will exceed production by 1.9 million ounces in 2020, Anglo American Platinum Ltd. forecast in its annual report on Monday. The company said the rising price of palladium contributed to a 33% rise in net sales revenue in 2019. However, outgoing Chief Executive Chris Griffith said there were signs that demand was now starting to weaken in response to high prices. He predicted that auto makers may start to use more platinum—almost $1,500 an ounce cheaper—instead of palladium in their catalytic converters. Elsewhere in commodities Tuesday, most-active gold futures rose to a nearly seven-year peak, extending a recent rally with investors favoring safe-haven assets. Prices rose 1.1% to $1,603.60 a troy ounce amid worries that the coronavirus will dent global growth. Natural-gas prices surged 7.8% to $1.981 a million British thermal units, paring some of their recent slide on forecasts for cold temperatures across much of the country that could lift demand for the heating fuel. Tuesday’s gain marked the largest one-day increase in natural-gas prices since January 2019. —Amrith Ramkumar contributed to this article. Write to Joe Wallace at Joe.Wallace@wsj.com

To: Horgad who wrote (153380)	1/15/2021 12:10:09 AM
From: TobagoJack	1 Recommendation Recommended By gg cox Respond to of 217617

One year anniversary of this post Message 32558491 coming up, something about palladium bloomberg.com How Palladium Became a Really, Really Precious Metal Ranjeetha Pakiam Palladium is the most valuable of the four major precious metals, with an acute shortage driving prices to records in recent years. A key component in pollution-control devices for cars and trucks, the metal’s price has been on a tear, more than tripling in the four years through the end of 2020 -- lifting it above the price of gold. 1. What is palladium? It’s a lustrous white material, one of the six platinum-group metals (along with ruthenium, rhodium, osmium, iridium and platinum itself). About 85% of palladium ends up in catalytic converters in car exhausts, where it helps turn toxic pollutants into less-harmful carbon dioxide and water vapor. It is also used in electronics, dentistry and jewelry. The metal is mined primarily in Russia and South Africa, and mostly extracted as a secondary product from operations that are focused on other metals, such as platinum or nickel. More Precious Palladium outshines gold when it comes to price Source: Bloomberg 2. Why is it getting more expensive? Supply has lagged demand for almost a decade. Usage is increasing as governments, especially China’s, tighten regulations to crack down on pollution from vehicles, forcing automakers to increase the amount of precious metal they consume. In Europe, consumers are buying fewer diesel cars, which mostly depend on platinum, and choosing gasoline-powered vehicles, which use palladium, following revelations that makers of diesel cars cheated on emissions tests and as concerns about diesel pollution intensified. 3. Why is supply so tight? Palladium’s status as a byproduct means producers aren’t quick to respond to price changes. In fact, output is projected to fall short of demand for a 10th straight year in 2021. That’s helped drive prices to successive records. While some obscure metals like rhodium are still more valuable, palladium traded above gold throughout 2020. Prolonged ShortagePalladium has been in deficit since 2012 Source: Metals Focus 4. Who are the winners and losers? While Russia’s MMC Norilsk Nickel PJSC is the biggest palladium producer, the rally is also good news for South Africa’s platinum miners, who dig it up alongside their primary metal. On the other hand, carmakers are having to pay more for the metal and may eventually pass the increase on to consumers. 5. Is palladium usually this volatile? Yes, and not just palladium. Precious metals used in small quantities by the auto industry have a history of price spikes when demand outstrips supply. In the decade following 1998, platinum soared more than 500% as a shortage caught the attention of speculative buyers. Rhodium, which rallied more than 4,000% over a similar period before carmakers found ways to use less, again climbed to a record in January 2021. Palladium itself jumped ninefold from its lows in 1996 to a peak in 2001 as users worried Russian sales would slow. 6. Can automakers use an alternative? Substituting cheaper platinum appears to be gathering pace, according to some analysts, with an impact on palladium demand expected in the coming years. BASF SE developed a new technology for gasoline cars that substitutes some of the palladium with platinum. Research shows technological advances are needed before platinum can match the performance of existing palladium-based autocatalysts, according to Johnson Matthey Plc, which makes the devices. And the likes of Daimler AG are more focused on electrification and batteries than a metal that represents a relatively small part of costs. 7. Where do electric cars fit into the picture? Electric cars don’t burn fuel, don’t have exhaust pipes and don’t use palladium. Still, most analysts believe the electrification of the majority of the world’s automotive fleet is many years in the future. In the meantime, palladium use in hybrid vehicles is also a growing source of demand. The Reference Shelf The history and science of palladium.Bloomberg Businessweek’s special issue: Elements.The market outlook from autocatalyst-maker Johnson Matthey.Bloomberg Intelligence data on palladium and platinum.A story on palladium and rhodium supplies. Before it's here, it's on the Bloomberg Terminal.