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Platinum And Palladium: The Sky Is Falling


No bottoming-out process in near term, the long-term looks more constructive.

I continue to be comfortable with my long platinum/short palladium trade.

PGM prices have sold off sharply so far this year, with an intensification of the sell-off this summer, to eventually reach new 2015 lows in August, with platinum down 18% on the year and palladium off 26% (Figure 1).

Figure 1: Platinum and palladium have come under significant pressure in 2015

(click to enlarge)

Source: Net Dania