Palladium Back To 2011 Peak – Displaying Terrific Relative Strength vs Other Metals

One cannot ignore the terrific relative strength in Palladium trading in the 870s and back to its 2011 peak, especially when Platinum, Gold and Silver are well off their 2001 peaks. Supply shortages due to a South African miners strike and strong demand in the auto industry have certainly been catalysts for recent strength. Technical reads project Palladium into the 900s, but I can’t help but feel the 1050 peak from 2000 may very well be challenged. Participation comes via PALL, SWC and very speculative PAL.

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