If current trends continue, looks like Platinum & Palladium will equal the same price soon. Platinum is currently hitting it's lowest point while Palladium is hitting it's highest point. I know they have some very similar characteristics, but the biggest difference is Palladium is almost half as dense as Platinum.
Palladium has actually already passed parity here in Australia, technically. if you add the 10% gst you'll find Pd is $30 above Pt
Maybe the price of Platinum and Palladium is same soon, but the functions and applications are different, I got some great ideas from http://www.samaterials.com/platinum/440-platinum-crucible-katanax.html
http://www.zerohedge.com/print/602731 Palladium Suddenly Spikes To 16-Year Highs . with the sanctions, diplomatic tit for tat etc Pd won't be readily available from Russia may be $2000+ would be a new target, the same as Pt price when it peak out
Can't believe this. I haven't kept an eye on this for some time, but last time I looked I think Palladium was the half the price of Platinum.
A Librarian friend's Military Policeman (M.P.) husband advised me to buy Palladium 2 years ago. He had access to the workings of Canberra (if you know what I mean), however, I didn't go into his reasoning for the recommendation. More fool me.
Sorry, 7 of 9, I haven't seen the Librarian, or husband for about 2 years since I got the Internet on @ home. _JLG.
As nothing these days trades on fundamentals and all futures markets are 100% manipulations the best although not perfect by any means method to look for future price moves is the COT. The platinum COT looks very good for a move up as the wash cycle has ended. https://www.tradingster.com/cot/legacy-futures/076651 By contrast the PD COT looks terrible https://www.tradingster.com/cot/futures/disagg/075651 Just look at the Money Managers position wow 96.55% long lol
we have not seen a spike down for Pt, or a spike up for Pd the trend continues get the Russian central bank to release some of their Palladium bars to the market, already