• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 2 hours The United States produced more crude oil than any nation, at any time.
  • 3 hours China deletes leaked stats showing plunging birth rate for 2023
  • 4 days Bad news for e-cars keeps coming
  • 5 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Premium Content

A Big Boost for the Palladium Market

Not to belabor my writings on palladium from earlier this week. But this chart tells a critical story.

Palladium Contracts

Open interest in palladium on the Tokyo Commodity Exchange has gone upwardly vertical. In just five trading days, contracts are up nearly 30%.

This is all buying from "non-commercial customers". Meaning average investors looking for exposure to physical metal. (The TOCOM palladium contract used to be paper-settled only. But under recent changes buyers can now actually take delivery of metal.)

This follows on the heels of reports that Russian government sales of palladium from stockpile may be finished as of this year. A big boost for the Pd market.

I mentioned Tuesday that this could be a very big story. Apparently the Japanese think so too.

And the TOCOM market has been pretty good about picking up big stories.

Japanese non-commercials began buying silver in a big way during the last week of September. Since then, silver has become a "hot story", with myriad reports of big investors buying the metal to capitalize on the falling gold/silver ratio. In the last two weeks, the silver price has jumped over 10%, outperforming the 5% gain in gold.

Silver Contracts

Are Japanese buyers now getting on the "next train out of the station"?

ADVERTISEMENT

Here's to being first in.

By. Dave Forest of Notela Resources


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News