Have you looked at Palladium prices lately? well few months ago I wrote about it in insidefutures.com and described how price was heading to 2000. Well, here is my new prediction for palladium—it’s going over 3000

Below you see a chart of palladium/gold ratio sitting around 1.571. As you can see, palladium is the hottest and fastest performing metal as it is charging past gold.  In fact, it is even pulling platinum with it.

As I have stated before, many factors are contributing to this parabolic rally in Palladium, this didn’t happen overnight. I am amazed it took this long to explode. More countries are finally waking up to the fact that it is in their best interest to upgrade their emissions requirements. I think the public will continue to learn more about this metal in great detail as awareness continues to grow. I have sporadically written about it in the past, but palladium is becoming an advocate for clean air AND clear indication of global warming. If you don’t believe climate change is real, take a look at the chart below, it may change your mind.

Gold/Palladium Ratio Daily Chart
800-367-7290312-373-5394Series 3 Licensed

Eli Tesfaye

Senior Market Strategist
Eli started his career in the futures and options market while he was in graduate school finishing up his MBA in 2003. Eli specializes in Automatic trading strategies and systematic options trading strategies in futures market. He has been Series 3 license holder since 2005. Eli's is an avid reader, runner, and yoga practitioner.
Read More