Palladium is a mystery at the moment.
On IG markets 98% of their clients are long.
Made a low of 918 last night, but seriously you cant find any physical Palladium at these prices as it's at least $200 per oz higher if you want it in ounces.
Just like holders of CHN ,true Palladium holders are long.
The paper markets for PMs holds little meaning to the true supply and demand issues we'll see in future and CHN will be perfectly positioned to supply tonnes of Palladium , Platinum, Nickel and Copper to whoever needs the physical at a fair MARKET price and through offtake agreements to come.
The supply issues will eventually feed into the price of these metals and will serve CHN well.
These daily gyrations are for the coke snorting day traders.
CHN chart, page-8194
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Last
$1.42 |
Change
0.045(3.27%) |
Mkt cap ! $552.3M | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.47 | $1.38 | $3.755M | 2.633M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 92785 | 9 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CHN (ASX) Chart |