ETFS Physical Palladium
Reading the Gold-Palladium Ratio
Whereas palladium has been the strongest among the four precious metals over the last month, it has fallen 7.2% year-to-date, possibly due lower car demand in China.
Reading the Gold-Palladium Spread in 2018
Palladium has fallen the most among the four precious metals on a YTD (year-to-date) basis.
How the Gold-Palladium Spread Is Moving Lately
Palladium has been the winner among the four precious metals, having skyrocketed a whopping 57% on a YTD (year-to-date) basis in 2017 as of December 27.
A Look at the Gold Spreads at the End of 2017
A gold-silver spread of 77.3 suggests that it requires almost 78 ounces of silver to buy a single ounce of gold.
All 4 Precious Metals Rose on December 20, 2017
All four precious metals had an up day on December 20, 2017. Gold increased 0.43% on the day and closed at $1,267.80 per ounce.
A Brief Look at December 2017’s Precious Metal Spread Measures
In this article, we’ll discuss the gold-silver, gold-platinum, and gold-palladium spreads. These three spreads stand at 77.9, 1.38, and 1.23, respectively.
Where Are Precious Metal Spreads Moving?
In this part of the series, we’ll look at the gold-silver spread, the gold-platinum spread, and the gold-palladium spread.
An Overview of the Platinum and Palladium Markets in 2017
In September 2017, palladium prices overtook the price of platinum.
Inside the Palladium Market and the Gold-Palladium Spread
Palladium prices have shot up 2017, showing a YoY (year-over-year) gain of a 53% as of October 23, 2017.
Reading into Palladium Markets Today
The outlook for palladium looks bright due to the possible rise in demand from China. Switzerland witnessed its net exports of palladium rise in August.
Analyzing the Gold-Palladium Ratio in August 2017
Palladium is the precious metal with the highest returns on a YTD basis. It has risen 28.6% YTD. The other three precious metals have been slower.
Palladium Market and Reading the Gold-Palladium Ratio
So far, palladium has been stronger than the other precious metals in 2017. It has seen a YTD (year-to-date) gain of 26.5%.
Understanding the Gold-Palladium Ratio
Palladium has been much stronger than its fellow precious metals, having seen a YTD (year-to-date) gain of 26%.
Palladium’s in a Fix—What’s Next?
Palladium touched its 16-year high level of $910 on Friday, June 9.
Palladium Skyrockets: A Look at What’s in Store Next
Although gold and silver had a down day on Friday, June 9, 2017, platinum and palladium rose about 0.23% and 1.2%, respectively.
Reading the Performances of Precious Metals in 1Q17
Precious metals had a bright first quarter, which ended March 31, 2017. Gold rose about 8.4%, marking its best quarter in almost a year.
Understanding Palladium’s Top Performance among Precious Metals
Among the four precious metals, palladium is the most volatile. But it has also earned the highest returns on a year-to-date basis.
Industrial or Precious? Where the Gold-Palladium Ratio Is Headed
Among the four precious metals, palladium has been the most resilient for the past few months, outperforming the other three so far this year.
How’s the Gold-Palladium Ratio Moving?
Among the four precious metals, palladium was the leader until mid-February 2017. Its pace slowed down after that.
Why the Gold-Palladium Ratio Fell at the End of 2016
Palladium has seen an upward movement, rising almost 16.5%. The demand for the metal is strongly outstripping its supply.
Is Gold-Palladium Becoming Stagnant?
Among the four precious metals, palladium has shown the strongest performance, and its market fundamentals are upward scaling.
Reading the Movement in the Gold-Palladium Spread
The gold-platinum spread was approximately 1.6 on January 11, 2017. Its RSI (relative strength index) was as low as 40.
What Will Sibanye Achieve through the Stillwater Deal?
The acquisition will add a significant long-term production upside from Blitz as well as recycling capabilities through the Columbus metallurgical complex.
Sibanye’s and Stillwater’s Take on Platinum-Group Metals Prices
Sibanye has become bullish on palladium in the last six to nine months. It’s worth noting that palladium has outperformed other precious metals year-to-date.
Is Sibanye Eyeing More Acquisitions after Stillwater?
Siganye’s latest acquisition deal will make it the third-largest producer of platinum and palladium and the fourth-largest producer of PGM metals.
Why the Gold-Palladium Spread Is Falling Drastically
Palladium has seen a YTD rise of a whopping 32.5%, which is higher than the rise in platinum, silver, and gold. Earlier, palladium was underperforming its precious metal peers.
How Palladium Outperformed Gold: The Gold-Palladium Spread
Palladium has seen a year-to-date rise of a whopping 32.5%, which is higher than the rise in platinum, silver, and gold. Earlier, palladium was underperforming its precious metal peers.
Reading the Precious Metal Markets on Thanksgiving
Thin Thursday volume Since the Trump election, precious metal prices have been highly dependent on the headlines related to the Trump Cabinet. Gold edged lower on Thursday as the US dollar started attaining better heights once again. The US dollar, however, traded within reach of an almost 14-year high. The reason behind the surge in the […]
How Is Platinum Performing?
Though all four precious metals have been slowly retreating, palladium has a year-to-date gain of 24.9%.
What’s Affecting the Gold-Palladium Spread?
Palladium has seen a year-to-date rise of 24.9%, which is higher than the increase in platinum, silver, and gold.
Where Is the Gold-Palladium Spread Headed?
The gold-palladium spread has seen its ups and downs over the past few months. But the United Kingdom’s Brexit vote resulted in some strength for palladium.
Analyzing the Gold-Palladium Spread
Palladium has seen a year-to-date rise of 13.6%. In the past 30 trading days, palladium has fallen 6.8%. It’s slipped 1.5% in the past five trading days.
How Are Platinum and Palladium Performing This Year?
PGMs including platinum and palladium have strengthened in 2Q16 as compared to the first quarter of 2016, but they have remained weaker than gold.
What’s Happening to Platinum and Palladium Cross-Commodity Rates?
During the past five trailing days, all precious metals except silver have been on a downward trend.
Understanding the Platinum and Palladium Cross Rates
Gold plummeted on Monday, and it also took its other three precious metal counterparts along with it.
Precious Metals Maintained Their Gains on Tuesday
The precious metals saw two straight days of gains on Monday and Tuesday. Gold futures for December expiration rose 0.76% on Tuesday and closed at $1,356.90 per ounce.
What Do the Platinum and Palladium Cross Rates Suggest?
The gold-platinum and gold-palladium spreads measure the number of platinum and palladium ounces it takes to buy a single ounce of gold.
What Does the Precious Metal Correlation Suggest?
Gold and silver have a strong correlation close to 75%. This suggests that about 75% of the time, a fall in gold prices leads to a fall in silver prices.
Precious Metals Rose: What Are Technicals Showing?
Looking at volatility for precious metals, we see that volatility in gold decreased as gold slipped for yet another day on Wednesday, July 27, 2016.
Optimism Driving HSBC’s Near- and Mid-Term Forecasts for Platinum
Palladium has been a lagger in the current year, having rallied the least among the four precious metals. Palladium is mined largely as a by-product of nickel production in Russia and platinum production in South Africa.
Tracking Precious Metals’ Cross-Commodity Rates
The turbulence in worldwide markets has helped precious metals, especially gold and silver, to reach new highs that we haven’t seen in the last few months.
What’s Driving the Platinum and Palladium Markets?
Platinum has risen approximately 9.4% YTD (year-to-date). Palladium had erased its losses from 2015, but has fallen 4.1% YTD.
Did Precious Metals’ Technicals Indicate a Rise?
Alongside the rise in gold, silver, platinum, and palladium also jumped substantially. Silver closed 2.1% higher than the previous day’s close at $16.4 per ounce.
Platinum and Palladium: How Have They Performed?
Platinum and palladium have risen by 15.9% and 8.4%, respectively, since the beginning of the new year.
What’s Next for Sibanye after the Aquarius Platinum Acquisition?
Aquarius Platinum acquisition completed Sibanye Gold (SBGL) completed its Aquarius Platinum acquisition on April 12, 2016. Aquarius Platinum’s operations will be consolidated starting in the June 2016 quarter. The company also disclosed Aquarius’s operational details for the quarter, and its production increased to 90,843 ounces. More acquisitions in store? During its 4Q15 results, Sibanye’s management had […]
Why Did Palladium Surge Over the Last 5 Days?
Palladium led the precious metals on Thursday, March 3, 2016, with palladium futures for June expiration rising a whopping 5.2%.
What Do Precious Metal Cross-Commodity Spreads Indicate?
The price changes in precious metals—gold, silver, platinum, and palladium—can be studied by using cross-commodity spreads. These spreads utilize gold as the primary metal, connecting its price to silver, platinum, and palladium.
Stillwater Mining’s Outlook for Palladium and Platinum
Stillwater Mining believes that underlying industrial demand for palladium remains strong with structural deficits in the palladium market. Management is more positive on palladium than platinum.
Where Does Stillwater Rank in Terms of Mining Risk?
Stillwater Mining (SWC) exhibits strong leverage to palladium prices. It has lower geopolitical mining risk than South African PGM (platinum group metals) producers.
How Is Stillwater Cutting Costs to Stay Ahead of Platinum Prices?
Stillwater Mining (SWC) has seen a significant increase in recovery rates, which is one of the best in the PGM (platinum group metals) industry.
What’s the Production Upside for Stillwater in the Long Term?
Stillwater is ramping up Blitz, a new project and its main development asset. The company expects the first product from it in mid-2018.
Why Has Stillwater Mining Underperformed Its Peers in 2016?
Stillwater Mining (SWC) has underperformed its peers YTD as of March 2, 2016. It has, however, outperformed palladium prices with a rise of 3%.
Platinum and Palladium Outperforms Gold and Silver
Although gold and silver saw a down day on Tuesday, March 1, 2016, platinum and palladium were buoyed due to an increase in the overall market sentiments extended from the release of economic data.
Palladium Retreated with Weakening Chinese Markets
On Wednesday, February 24, 2016, palladium fell a whopping 2.6%, closing at $487.60 per ounce. Gold, silver, and platinum had up days, rising 1.1%, 0.37%, and 0.02%, respectively.
Palladium Recovers but Remains the Least Precious Performer
Palladium has seen prices crash over the past two years. From the mark of $826 per ounce at in early 2015, it’s retreated to almost $550 as of February 19.
Platinum and Palladium Lose Their Luster in 2016
While gold and silver have topped charts in 2016 so far (as of February 2), the typically best-performing metals, platinum and palladium, have begun to lag.
Platinum and Palladium Outperform other Precious Metals
The stock markets revived on January 27 as oil rose. This was likely beneficial for platinum and palladium, as they are highly used as industrial metals.
Platinum Hits 7-Year Low as Volatility Rises
Platinum and palladium prices have been weak since the start of the new year.
Palladium Was the Worst Performer at End of December
Palladium takes the title for worst-performing precious metal in 2015.
Can Platinum and Palladium Shine in 2016?
Unlike the less-appealing precious metals, gold and silver, the market sentiment for platinum and palladium, remains bullish.
Palladium Fell in 2015 alongside Other Precious Metals
Palladium is used as a catalyst in gasoline-powered cars, and the September 18 Volkswagen scandal prompted a move to gasoline instead of diesel cars.
Following the Trend: Platinum and Palladium Fell
Platinum and palladium fell by 3.6% and 2.5%, respectively, on Thursday, December 17. Platinum fell by $30 from its price and closed at $844.7 per ounce.
Platinum and Palladium Strong after European Manufacturing Data
The total number of vehicle sales in China witnessed a rise of almost 20%. Platinum and palladium are widely used in pollution control systems.
What Next for Platinum and Palladium’s Southward Journey?
Platinum and palladium are partly dependent on the Fed’s rate decision. Other factors like the Volkswagen scandal have played a role in the two metals’ prices.
All That Glitters: Why Remain Cautious of Precious Metals?
The combination of a strong dollar and rising real rates is having a predictable effect on precious metals prices.
Why you should lighten up on gold in your portfolio
To be sure, gold, like most other asset classes, is likely to remain volatile in the coming months amid continued investor speculation about the end of easy money from the Fed.
Must-know: Where’s the demand for Palladium coming from?
According to Johnson Matthey, 65% of the total demand for palladium (PALL) comes from the automobile sector. As the worldwide demand for automobiles increases, the demand for palladium will also increase. Palladium has applications in other industries. For example, it has electrical, dental, and chemical uses. It’s also used to make jewelry.