David Fuller's view I reopened a long in palladium (monthly, weekly & daily) this afternoon, despite some remaining concerns over some additional mean reversion towards the medium-term trend represented by the rising 200-day moving average. I bought because palladium remains quietly steady and has been the upside leader of the current medium-term cycle, a role sometimes shared with silver. I paid $750.83 for a March position, including spread-bet dealing costs of $2.

My much larger precious metals position is in platinum and my current intention is to allow the expiring January position to be rolled forward on Thursday.