Palladium is running because Putin’s Russia controls so much. South Africa which is the next sizeable producer is also having labour problems. The financial media is pumping the story that both china and US are big users because of car manufacturing. Yadda yadda yadda.
Putin is a clever bully. He or his oligarchs must know that to keep poking the west in the eye will provoke more economic sanctions. so here is the play from Putin’s point of view.
Sell Palladium into the price rally and take whatever cash is available. Putin needs cash. Dictators always need cash. But by selling Palladium openly he can engage the west and prove he is not trying to hurt anyone. He will play victim because of sanctions and then try to play ball with Palladium as long as the price is high and line his pockets with western cash.
In the meantime the west needs to hurry up and cut dependence on gasoline engines. Governor Christie are you listening.
George Gutowski writes from a caveat emptor perspective.