Is Palladium Price Action Forerunner for Gold and Silver?

lawrieongold

by: Clint Siegner*

The precious metals sector has just one standout performer this year, and that is palladium. Lately the market for that metal has become more than just hot. Developments there could have implications for the London Bullion Market Association (LBMA) and the rickety fractional reserve system of inventory underpinning all of the physical precious metals markets.

Craig Hemke of the TF Metals Report was  the podcast guest this past Friday. He has been watching the developments in palladium closely and gave an excellent summary of what’s involved.

Palladium prices went parabolic once before. The price went from under $400 per ounce to $1,100/oz from late 1999 to early 2001. Then, just as quickly, the price crashed back below $400.

Palladium’s move higher in recent months is reminiscent. It remains to be seen whether or not a price collapse will follow…

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