Normal
Panoramic has PGM (palladium & platinum) resources, but who else has I do not know.I recall that some years back platinum priced itself out of catalytic converters, and palladium crept in to replace it. Looks like a mirror reversal is now going to occur.[ATTACH=full]109752[/ATTACH] Speaking of which, I cannot reverse the dates and overlay on your palladium chart of 5 years ago, but their respective prices would almost be the same if I could.If I were a betting man then I think a reasonable punt would be for both metals to consolidate under and around $1000.(By the way, from what I have gathered it has been the rush to clean up vehicle emissions that put palladium into backwardation. That will unwind as the year stretches out.)
Panoramic has PGM (palladium & platinum) resources, but who else has I do not know.
I recall that some years back platinum priced itself out of catalytic converters, and palladium crept in to replace it. Looks like a mirror reversal is now going to occur.
[ATTACH=full]109752[/ATTACH]
Speaking of which, I cannot reverse the dates and overlay on your palladium chart of 5 years ago, but their respective prices would almost be the same if I could.
If I were a betting man then I think a reasonable punt would be for both metals to consolidate under and around $1000.
(By the way, from what I have gathered it has been the rush to clean up vehicle emissions that put palladium into backwardation. That will unwind as the year stretches out.)
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