About a year ago, Baby Bear told everyone here that instead of worrying about buying silver at the exactly “right” price, maybe just buy 10% of your intended position every day for a couple of weeks, be done with it, and forget about it. That was sage advice. The “set it and forget it” mentality has worked out well for precious metals bulls.

I’ve been trumpeting palladium (by way of PALL) back when it was about 25% cheaper. I have NOT taken the above advice, instead nibbling here and there on profits along the way. I’d have been much better off just holding the dang thing. But let’s set that aside and focus on palladium itself.

First off, here’s a long-term percentage change chart of silver (blue) versus palladium (black).