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John Reade @JReade_WGC
, 5 tweets, 3 min read Read on Twitter
Precious Metals: There was one big topic at the @lbmaexecutive biannual dinnner last night - #Palladium. The remarkable rise of this precious metals and concerns about availability of metal dominated conversations.
Many have noted that palladium was (yesterday) more expensive than #gold, but as this chart shows, that's happened before when palladikum surged on auto demand and a lack of Russian sales in the late 1990s.
With slowing car sales in some important regions vs. an apparent shortage of metal immediately available, further volatility in palladium looks assured.
I don't follow #palladium closely any longer, but if you are interested in this story, @EdVanDerWalt from Bloomberg is covering this market very well at the monent.
And @EdVanDerWalt knows precious metals well enough not to have made this erroneous statement #rhodium #NotJustFutures 😀
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