I first wrote about palladium (specifically, the PALL fund) precisely eight months ago, and it is up 20% since then. The thing is, I think that 20% is just the first baby step in YEARS of price gains to come, at least relative to equities. Here is a recent view of how the /PA futures are doing, aided by Monday’s $50 price gain.
As you can plainly see, the metal has been hammering out a very well-formed basing pattern over the past twenty-four months. It has not truly broken out of this pattern, but by God, it’s getting closer!
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