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"It's as and when they're able to make it to the studio later today. I'm working around their schedule - hence why I can't give an exact time"
https://twitter.com/AndrewScottTV
dated 02/10/2019 source finical times
"One reason for this apparent paradox is China, where there has been increased demand for palladium ahead of the introduction of a nationwide emissions standard in 2020.
Another reason is that stocks are running low. And with few platinum or nickel projects under development, the 7m ounces-a-year palladium market is set to remain tight unless there is an unexpected release of supplies.
Yet it is difficult to see where these supplies might come from. Russia’s Norilsk Nickel, the world’s largest producer, raised doubts last week about its ability to replenish its Global Palladium Fund.
Established in 2016, the fund helps stabilise the market, buying metal from various sources, including Russia’s central bank, and selling it to industrial customers. However, analysts believe that Moscow’s strategic stockpile of palladium — a key source of supply — is close to being exhausted, while other holders are reluctant to sell because they expect higher prices."
just to give PI's some context about a potential bidding war and why russia and chinas big banks are involved
https://www.ft.com/content/5ac67390-e424-11e9-b112-9624ec9edc59 dated from the beginning of october but it highlights the reasons that china and russia want to be involved is no coincidence.
"One reason for this apparent paradox is China, where there has been increased demand for palladium ahead of the introduction of a nationwide emissions standard in 2020.
Another reason is that stocks are running low. And with few platinum or nickel projects under development, the 7m ounces-a-year palladium market is set to remain tight unless there is an unexpected release of supplies.
Yet it is difficult to see where these supplies might come from. Russia’s Norilsk Nickel, the world’s largest producer, raised doubts last week about its ability to replenish its Global Palladium Fund.
Established in 2016, the fund helps stabilise the market, buying metal from various sources, including Russia’s central bank, and selling it to industrial customers. However, analysts believe that Moscow’s strategic stockpile of palladium — a key source of supply — is close to being exhausted, while other holders are reluctant to sell because they expect higher prices."
https://twitter.com/QuantiumCast/status/1188873787607007232/photo/1
funny how day traders get bashed when the price is rising then being called back when nothings happening, we'll be back in 2-3 days.
dont assume no news is bad news .
a day low of .29/5 was worse at points on thursday and friday
chin up lads