Wt Physi Pallad Discussion Threads

[pecker1] 19/5/2010 17:25

Fall overdone perhaps:

[dasv] 19/5/2010 08:24

I also sold my remaining PHPT. The chart doesn't look as bad as PHPD but the hourly indicates a fall to 140's is possible.

[dasv] 19/5/2010 08:22

c2i.

I have sold my initial stake in PHPD. I think there is a possibility of 35 on this ETF according to the daily P&F. I am not basing my decision on fundamentals - purely wider market sentiment technicals and PHPD techs. My profit (now just 26% is still invested).

[dasv] 05/5/2010 16:06

updata's software is excellent. The results from having it depend on the user however - and my eye has been off the ball. Things have been busy - not that I am trying to make an excuse.

[contrarian2investor] 05/5/2010 13:56

dasv,

Is there anything that the Updata software doesn't do. I wish I had followed you and bought it last summer. It would have paid for itself on just one of my failed shorting spreadbets

------------------------------.
As requested.

APRIL 29, 2010, 7:08 P.M. ET.UPDATE: Moore Capital Settles With CFTC On Market Manipulation

NEW YORK (Dow Jones)--Louis Bacon's Moore Capital Management will pay a $25 million penalty for what the U.S. Commodity Futures Trading Commission calls attempted manipulation of the platinum and palladium markets in 2007 and 2008 by a former Moore portfolio manager.

According to a person familiar with the matter, the employee was Christopher Pia. Pia has since founded a new firm, called Pia Capital. A call to Pia Capital rendered a busy signal.

Moore itself will have its registrations as commodity pool operators and commodity trading advisors restricted for three years.

In a statement, Moore said it fully cooperated with the CFTC and that the portfolio manager in question has since left the firm. The CFTC said in its statement that Moore cooperated with the investigation.

"Neither Moore Capital's principals nor its current management were involved in any improper trading, and none have been accused of any wrongdoing," Moore said.

The CFTC said that the Moore portfolio manager, "frequently engaged in a trading strategy in an attempt to manipulate upward the settlement prices of the palladium and platinum futures contracts," on the New York Mercantile Exchange, a scheme dubbed "banging the close." The CFTC said the trades happened between November 2007 and May 2008. The employee left Moore in the fall of 2008.

Moore Capital, the CFTC complaint says, "failed to supervise diligently" the portfolio manager's trading, "and failed to have sufficient policies and procedures designed to detect and deter the violations," even though Moore did have policies that prohibited such trading.

Moore will also be restricted in the last 15 minutes before palladium and platinum futures markets close.

This is the second time in just over a month that an employee or former employee of Moore has been identified with improper trading, although Moore, as a firm, wasn't charged in either case.

In late March, Julian Rifat, a London-based execution trader for Moore, was arrested as part of a larger alleged insider-trading ring. Rifat was placed on administrative leave. Rifat denied allegations in connection with the alleged insider-trading ring in March, and lawyers said he "is working to clear his name."

-By Joseph Checkler; Dow Jones Newswires; 212-416-2152; [e-mail]

c2i

[dasv] 05/5/2010 13:41

could you paste the WSJ article?- can only read the teaser:-



cheers in advance

[dasv] 05/5/2010 13:39

Hi c2i - I was going to ask if your trailing stop triggered. The optimised trailing stop algorithm on updata signalled a sell a bit below yours on the daily:-

[contrarian2investor] 04/5/2010 12:48

Hi all,

I only have 25% of my original holdings now after my rolling stop loss was triggered today @ 53.10.

Posted on 05/04/10 at 6:58am by The ETF Professor

Palladium ETF Looks Appealing On Pullback


----------------------

APRIL 29, 2010, 7:08 P.M. ET.UPDATE: Moore Capital Settles With CFTC On Market Manipulation



c2i

[contrarian2investor] 28/4/2010 20:27

Hi all,

Here is a recent article on Palladium.

Platinum and Palladium ETFs to Expand Number of Available Shares by: Tom Lydon April 28, 2010 about: PALL / PPLT



c2i

[notanewmember2] 26/4/2010 23:09

The reverse head and shoulders worked out then.

hey this has got to collapse somewhen? Look at what Sugar did. Becareful joining late to the party.

[contrarian2investor] 22/4/2010 16:36

Hi all,

There is a paragragh on Palladium within the article below.

Rusal's plan for an aluminium exchange traded fund is really good – for Rusal



c2i

[contrarian2investor] 21/4/2010 17:13

Hi all,

Here is a recent article on Palladium.

Gold Broken Support Becomes Resistance and the Palladium Rocket


c2i

[dasv] 15/4/2010 17:38

loaded fine...

[contrarian2investor] 15/4/2010 17:05

Hi all,

My holding PAL/PDL is making strategic move.

Please note Mark Anthony's comment. It was Mark Anthony early comments that eventually that alerted me to the potential of investments in PDL & Palladium. Which then led to my investments in October 2008.

====================

North American Palladium Restarts Production at Lac des Iles
by: Proactive Investor April 15, 2010



c2i

====
EDIT:The Case for Palladium



Please confirm that the link above can retrieve the article.

[contrarian2investor] 14/4/2010 17:55

dasv,

Thanks for the update on SSUG.
I'll be taking a long position on SUGAR if and when it retestS low 15's.
-------------------------------

Hi all,

Palladium Tests Long-Term Resistance; Gold Sees Short-Term Correction?
by: GoldCore April 14, 2010



EDIT: I have placed a sell order for half of my Free ride holding (25% of my original holding) of PHPD at 50.50 (this level will however be increased as PHPD rises--like a rolling stop-loss).

c2i

[traderabc] 12/4/2010 21:47

This one seems to becoming over extended to the upside, it ought to retract a little but so far the strength of this rally is gathering, generally the steeper the angle, the harder the fall.
That said this may well be on it's way to test the high of 2008 in months rather then years.

[dasv] 12/4/2010 21:28

bit of a directional punt c2i - but I went long nickel today with LNIK ETF. I got jumpy on SSUG and closed 2/3 of my position.

[traderabc] 08/4/2010 12:07

It's coming off the top of the channel, should find some support at the bottom (around 45)

[contrarian2investor] 07/4/2010 19:26

Hi all,

Palladium hits two-year high
By resourceINTEL · April 6, 2010 · 2:39 am · Leave a Comment

Palladium (PA-FT 499.50 -8.50 -1.67%) rose to a two-year high above $500 (U.S.) an ounce on Monday, and sister-metal platinum (PL-FT 1,689.10 -20.70 – 1.21%) reached its priciest since August, 2008, backed by strong investment demand due to an improving auto-sector outlook.

A softer U.S. dollar also bolstered equities crude oil (CL-FT 86.48 -0.14 -0.16%) and gold, (GC-FT 1,125.60 -8.20 -0.72%) which rose to a near one-month high.
Inflows into the U.S. platinum and palladium exchange traded funds and optimism about the global economic recovery have spurred buying of the underlying platinum group metals, which are used in the auto industry for catalytic converters and also in jewellery.

Platinum was underpinned by worries about rising cash production costs, production interruptions, and a lack of adequate power supply in South Africa, the world's largest producer of the metal.

"The global auto recovery, the impact of the softer U.S. dollar, and potential supply concerns out of South Africa are driving platinum group metal prices," said William Rhind, strategic director of ETF Securities Ltd' U.S. unit.

Spot palladium rose to $500.50 an ounce, its strongest price since March, 2008. In late New York trade it was at $500 an ounce, up from $490 late the previous session on Thursday.

New York June palladium futures settled up $16.65 at $508.00 an ounce on Monday.

Palladium and platinum prices began to rally in January after London-based ETF Securities launched the first U.S. platinum and palladium funds, which now hold about 900,000 ounces of the combined metals.

"There is strong investment demand in the U.S. because of the platinum and palladium ETFs, and the recovery in the auto sector, particularly in the very strong developing markets, such as China, has led to a pick-up in demand," said Carlos Sanchez, precious metals analyst at commodities consultant CPM Group.

U.S. auto sales jumped to a seven-month high in March, led by a 41 per cent surge at Toyota Motor Corp. after the Japanese auto maker offered the steepest discounts in its history to win back sales lost during its recent safety crisis.

Gains on Wall Street after optimistic economic data, including pending home sales and U.S. services sector data in March, fuelled investment sentiment in the gold market.

Spot gold was at $1,131.40 an ounce, compared with $1,125.50 quoted late in New York on Thursday. Its session high $1,133.20 was the loftiest since March 8.

U.S. June gold futures settled up $7.70 at $1,133.80 an ounce.

The New York market, which was closed on Friday, reopened on Monday after the Easter weekend, while the U.K. and most European markets were shut on Monday for a holiday break.

Platinum started to diverge from gold in January, after showing a strong correlation with gold prices in the last quarter of 2009.

Platinum was at $1,700 an ounce, compared with $1,668.50 late in New York on Thursday. Earlier in the session, it hit $1,703.50, the loftiest since August 2008.

Silver (SI-FT 17.94 -0.18 -0.98%) firmed to $18.07 an ounce, up from $17.87 Thursday. It hit a 2-1/2 month high of $18.11 on Monday...read more at The Globe And Mail


c2i

[traderabc] 24/3/2010 10:48

The Stealth Palladium Bull
by Sol Palha, Tactical Investor | March 22, 2010
Print

The steeper the mountain the harder the climb the better the view from the finishing line Anonymous

Palladium was the underdog of the precious metals sector for a long time, because for the most part it hardly received any attention. In the last few months this all changed and with the introduction of the Palladium ETF (PALL), Palladium has finally emerged from the shadows to the spotlight. Now the average Joe has a way to jump in and out of Palladium without having to actually purchase the metal. In reality owing the physical is far better than buying the ETF, but that is a topic for another day. When the Gold ETF was introduced it helped drive the price of gold bullion because it provided an easy means to jump in and out of Gold and so investors piled into it; from nowhere in a few years GLD has grown into a juggernaut. GLD is now the 6th largest holder of gold bullion in the world. In the same manner demand for Palladium is going to rocket upwards with the introduction of the Palladium ETF (PALL). PALL hit the markets on the 8th of January and it has already had an impact on Palladium's price. Note that Palladium is the only precious metal that has actually put in a new 52 week highs in the face of a stronger dollar