Email of the day (2)
Comment of the Day

November 04 2010

Commentary by Eoin Treacy

Email of the day (2)

on palladium in other currencies:
"Would you please add Palladium in the following currencies to the library: Canadian $, British £, Swiss Fr, Japanese Yen, Euro Proxy?"

Eoin Treacy's view Thank you for these suggestions which can now be found in the Relative Charts section of the Chart Library along with similar charts of palladium denominated in Australian Dollars, New Zealand Dollars, and South African Rand.

Palladium and silver have been clear leaders in the most recent portion of the precious metal secular bull market. Silver broke upwards to new 30-year highs three weeks ago and palladium broke upwards to new 9-year highs last week. Both are appreciating in just about every currency which supports the view that investors see precious metals as a store of value in their own right. This is a seasonally strong period for gold and related instruments. Clear downward dynamics posted concurrently across the four precious metals would be required to check momentum beyond a brief pause.

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