The GraveYard Shift

[JD400]

Santas Golden Sleigh Lagging Behind His Palladium Reindeer's

This article was originally published on ETFTrends.com.

While most were preparing for Thanksgiving dinner on Thursday, palladium investors were feasting off gains as the precious metal reached $1,841. Analysts are already predicting that the precious metal should reach the $2,000 price market ahead of gold.

“Palladium is the only one moving higher, which is bucking the trend a little bit, not only relative to gold but to industrial metals as well. Aluminum didn’t have a particularly good day this morning, neither did copper. And here’s palladium, just hitting record after record here,” TD Securities head of global strategy Bart Melek told Kitco News.

Even if gold makes a rally, Melek is predicting late next year that palladium will cross $2,000 per ounce first.

“It is not particularly surprising that palladium is doing well. We think it will hit $2,000 at the latter part of next year when gold does better as well,” Melek said. “We formally have $2,000 average in Q4 2020, but given normal volatilities, it could be $2,100-2,150. We wouldn’t be shocked if that happened.”/i]

Palladium Will Hit the $2K Mark Before Gold, Analysts Say
https://finance.yahoo.com/news/palladium-hit-2k-mark-gold-155656855.html

3 Palladium Reindeer's

$PALL
$IMPUY
$PALDF