Palladium and Rhodium Price Crash - with SFA Oxford

[@mattwatson4730]

A quicker way to state this is, 85+% Pd and 90%+ Rh into Auto Catalysts: Total Light Duty Vehicle Market sales has shifted its baseline demand downward -23% post COVID, and although individual car PGM loadings are +15% since 2019, this is not enough to match pre-pandemic AutoCat demand. The future trajectory of total vehicle sales is in question now with exploding MSRP's in the past decade coupled with significantly higher interest rates. 2023 total LDV sales could match 2019 pre-covid sales levels. EV 2022 penetration 10.6%.

[@TM-tw1py]

This video is even better than white noise for getting to sleep.

[@victoradedamola4797]

Honestly, I thought I was the only one feeling this way.

[@Tropia]

Palladium spot was $3308 on 3/8/22 and I just bought a 1 oz Palladium Canadian Maple Leaf when spot was $1035.55 on 11/13/23, that's down -$2272.45! Ouch!

[@Thedarkknight45]

So what’s the answer is it going up or down in the near future

[@bas0puh]

Thats what i wanna know too 😂😂, saving my cats hahah

[@adventureswitheddie6444]

Down then up then down

[@LosAmosdeLasPistas]

In another words, he didn't said anything conclusive. Is it going up or down,,? He doesn't know.

[@nelsonbran4628]

New vehicle sales will rise when interest rates curve. That’ll happen in the future still. For now, commodities will continue sideways and downward. The myth that platinum will displace palladium (and rhodium) will not manifest for 30 years if all. This parallels the myth that electric cars will displace combustion vehicles… yeah, in 30 years- if at all… plug in stations too expensive to build, the windmills break and are too expensive to repair, while the solar panels are fickle. Even with all the government subsidies, AI / Tech world is still far into the future. Don’t discount palladium… AI will need this

[@dmcac1]

I completely disagree and I don't think you know what's just around the corner, but we'll wait to see...

[@nelsonbran4628]

@@dmcac1 - time will tell… The dollar isn’t done just yet, so we’re still far from the metals catapulting. We’ve yet to see alternate successful world reserve currencies (yet), we’ve yet to experience deflation, we’ve yet to see 100’s of banks disappear… this all happens very slowly, drop by drop. Hence why we’re early. Venezuela took a dozen years before it got to hyperinflation… we’ll take even longer. We haven’t even seen The Big Print… yet… we’re still early. Grab a lawn chair and help yourself to a bag of popcorn 🍿… it’s a bit stale but, like all things, with enough (fake) salt and (fake) butter, it’ll taste good. 😊

[@dmcac1]

@@nelsonbran4628 I agree. We're still far from see the US collapse and I doubt we'll see hyperinflation in US as that means a 50% inflation every month. And you don't need either to see the price of precious metals go much higher. Even commodoties, I believe we're in the early days of the super commodity cycle. Things can escalate quick as you saw during the GFC which was nothing compared to now and to what should have happened if we'd let the free market work. It's like that quote how does one goes bankrupt slowly at first and than all at once. You saw the biggest banks collapsing in a very short period of time. You check bull markets on PM, gold is usually 12 years long, and this one started in what 2015 ( I can be wrong on this dates). Silver is explosive. 90% of the move comes in the last 10% of the time? But I disagree that new cars demand will pick up when interest rates start to flat. I think the opposite will happen. When the fed pivots, that's when the stock market tends to crash and oh this economy is at the verge of a depression if they aren't careful. But it's all done by design.

[@nelsonbran4628]

@@dmcac1 all of this is true. But their strategies of kicking the can along farther are just beginning… Have you seen the latest law in Ca where bad credit (would be) home owners will be subsidized by those w/ good credit? Ergo, good credit folks will pay a higher interest rate on home purchases vs bad credit folks. Programs like these will come everywhere and they’ll reward the not good credit and penalize the good credit; this’ll eventually pull towards vehicles as well. When I mention The Big Print, it’ll be in response to a tsunami 🌊, ie 300 banks per day consolidating, mass bank runs, 50% market crash… like I said, we’re still quite a ways out. I agree w you, eventually we all want to be in appreciating metals and commodities, but you’re still very early. There’s still a renaissances around the next bend…. Happy Friday!

[@kaywonderer]

@@dmcac1 Na hyperinflation coming up, the US Dollar is finished. also possible second REAL pandemic = 10koz palladium . I don't believe we are very far to collapse.