wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
- Posts
- 25,953
- Reactions
- 13,247
http://en.wikipedia.org/wiki/Palladium
As far as the price movements noticed :dunno:
It's a pretty thinly traded contract and not one speculators usually dabble in.
http://en.wikipedia.org/wiki/PalladiumForgive my commodity ignorance but could someone explain what Paladium is used for and why it hit such highs a few years ago but has dropped back significantly compared against other commodities which are roaring ahead.
It was tough, but you knew I'd find someone...Wayne, you must be able to find someone!
SNIP
– Commodity prices will nosedive. Commodity prices showed unusual strength in recent years and not just in the energy sector. Industrial metals prices have skyrocketed. So have livestock and grains of late. Even precious metals have reached prices not seen since inflation was raging in the late 1970s.
In the long run, we don’t see any constraints that will prevent the normal reaction to high commodity prices–increased supply that will depress prices. In energy, Hubbert’s Peak devotees believe the world is running out of crude oil so prices will skyrocket in the years ahead. But we’re convinced that human ingenuity will, as in the past, prevent a Malthusian outcome. The ongoing fall in U.S. home sales and likely collapse in prices will have very negative effects on building materials prices. Lumber and copper prices have already nosedived.
It was tough, but you knew I'd find someone...
http://virgoans.wordpress.com/2007/05/07/a-dozen-reasons-to-worry/
0951 [Dow Jones] Renewed surge in resources likely to get underway today, says Southern Cross Equities director Charlie Aitken. "BHP (BHP.AU) are going to A$40, Rio (RIO.AU) to A$120, Fortescue (FMG.AU) to A$50 and Oxiana (OXR.AU) to A$5.00. If you are short resources you are dead. It starts today." Another trader says recent BHP price action demonstrates that it is very well supported. BHP last A$32.79, RIO last A$92.01, FMG A$34.10, OXR A$3.37. (DWR)
It's on my broker site - through Power E Trade. Can't post the link. Any service that gets dow jones newswires will have got it.Kennas can you give me a link to that please??
It's on my broker site - through Power E Trade. Can't post the link. Any service that gets dow jones newswires will have got it.
0951 [Dow Jones] Renewed surge in resources likely to get underway today, says Southern Cross Equities director Charlie Aitken. "BHP (BHP.AU) are going to A$40, Rio (RIO.AU) to A$120, Fortescue (FMG.AU) to A$50 and Oxiana (OXR.AU) to A$5.00. If you are short resources you are dead. It starts today." Another trader says recent BHP price action demonstrates that it is very well supported. BHP last A$32.79, RIO last A$92.01, FMG A$34.10, OXR A$3.37. (DWR)
I like this one:LOL now thats what i call a RAMP!!!
If you are short resources you are dead. It starts today.
I like this one:
That is an immediate banning on ASF!
I have concerns upcoming quarterly reports may reflect some bad news due to the appreciating dollar. It has been widely covered in the press that profits may be hit hard in some mining stocks. It may start a correction and many foreign investors may withdraw their funds from our market dropping the Aussie value. I think that would be a good outcome in the long term. However I never even did economics 101 so welcome anyone to prove me wrong. My imagination gets a bit carried away at times.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?