Palladium Panic-Bid To Record Highs As Shortage Fears Mount

Wednesday, January 3, 2018
By Paul Martin

by Tyler Durden
ZeroHedge.com
Wed, 01/03/2018

Palladium was up 55% in 2017 – the best performing commodity in the world – and if the first two days of this year are anything to go by, 2018 will see a repeat.

Palladium inventories in warehouses tracked by Nymex shrank 25 percent in December, capping a fourth straight annual decline, the longest streak since 2000.

Amid shrinking inventories and still strong (credit-fueled) auto production (and sales), Bloomberg reports the metal used to curb pollution from gasoline-fueled engines climbed to a record on the New York Mercantile Exchange as the dollar weakened for a fifth straight day.

The Rest…HERE

Leave a Reply

Happy Holidays! Revolution Radio is a 100% volunteer run site. We appreciate any holiday cheer you can spare this Christmas season. God bless!

Follow us on Twitter