Thursday, March 26, 2009

Palladium Outperforms Gold

March 25, 2009, 11 am - Over the past few days palladium itself has made advances of over 10% leaving other PGMs in its wake. Currently the spot trading price for the rarer-than-gold metal is $227 per ounce. Gold, on the other hand, has dropped nearly $10 from it's high about a month ago. Silver has remained constant recently while rhodium has dropped $50 down to $1000/oz. Platinum seems strong, but hasn't made the huge jump palladium has.

In the past few days we've seen several things in the news that could lead to more customer interest in the metal. Russia has announced that they may close a mine which produces nearly 50% of the world's palladium and 12% of the platinum. Obama's economic resurrection attempts may fuel more cars to be made which means the demand for palladium goes up. Cold fusion is constantly being researched and a quick check online shows that recent advances have been made.

Is this why palladium has jumped? Have investors hopped on the palladium bandwagon instead of investing gold or silver investing? Time will tell. I've always said I don't think palladium will hit $400 again until silver is over $20, gold is over $1000, and Pt is at least $1500.


  1. Pd is just going up and down sometimes just to keep us happy and in a good mood. It's been down nearly a year now. Who knows what will happen.

  2. These minor price moves up and down don't mean much. Given the high premiums and transaction costs with physical metal, there's no money to be made unless Pd doubles or triples. (Which I think is a real possibility, though I have NO idea when it will happen).


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