Email of the day
"Many thanks for the item on palladium yesterday. I have been a keen investor in this metal, and also platinum, silver and gold, with very good results. Do you or any readers know of a leveraged ETF for palladium accessible to an investor who is based in the UK? I use leveraged ETFs for gold, silver and platinum (alongside core holdings of the physical metals) but I am not aware of a leveraged ETF for palladium. This represents a significant gap, because, as you highlighted in your comments yesterday, palladium has excellent fundamentals and is, in my opinion, the premier investment amongst the metals.
"Thanks for your truly excellent service. I just renewed my subscription. What incredible value you and David give us!"
Eoin Treacy's view Thank
you for your kind words and continued support. Palladium
is a relatively thin market so I'm not sure it could support a leveraged ETF,
however if any subscribers know of such a vehicle I would be happy to add it
to the Chart Library. Both David and I achieve leverage by trading palladium
through spread-betting, profits from which are tax free in Britain and Ireland.
An alternative
which could offer leverage to the price of palladium is Stillwater
Mining which was mentioned in the article from Mineweb I posted yesterday.
It is currently rallying towards the upper side of the 8-year
base near $18.50 and has sustained a progression of higher reaction lows
since July. A sustained move below $15 would be required to question scope for
some continued upside.