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Hard Assests Investor reports that palladium’s time may be done.
Hard Assests Investor reports that palladium’s time may be done.
The editorial is quoted as saying,
The slump in palladium prices began long before the ‘quake and subsequent tsunami roiled Japanese manufacturing capacity. Investors started pulling money out of PALL on Feb. 17. The negative money flow wasn’t staunched until March 15.
The selling of white metal became so intense that palladium was, in fact, oversold. The metal’s price bounced off a critical retracement level of its July-February rally.