Palladium was down over $100 today. If you have read my eBook, you know that I am not long Palladium (although I am long SBGL which owns the Stillwater mine). Platinum is just stupidly cheap, relative to its sister metal, and though it fell $16 in sympathy with Palladium, I would happily buy 1.54 ounces of Platinum at $845, than one ounce of Palladium at $1300. In the scheme of things, Platinum has been relatively strong these past few days as Palladium as come down from north of $1500.
Still, today's price action was jarring, also involving a $20 drop in Gold. My view? Stay strapped in to Platinum.
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