Palladium hits highest price since December
Source: Barchart
A reminder by Lawrence McDonald that palladium bull markets can be quite brutal.
Despite recent price fluctuations, the long-term demand for palladium remains robust, driven by stringent environmental regulations and the rise of the hydrogen economy. Meanwhile, supply concerns persist due to the unreliability of major producers like Russia and South Africa.
Shorts estimated to be $1.3 Billion underwater on silver. Which five banks are at risk??
"Silver prices have experienced a significant increase, rising over 6% to exceed $33.6 per ounce. This unexpected surge has put five U.S. banks at risk of substantial financial losses due to their large short positions in the metal. This amounts to approximately 707.9 million ounces, nearly equaling a year’s global silver production". Source: Yahoo Finance, @kshaughnessy2 on X
US ASKS G-7 TO CONSIDER SANCTIONS ON RUSSIAN PALLADIUM, TITANIUM
Palladium will soar if this goes through: Russia makes 40% of the world's palladium
JUST IN 🚨: Silver is going parabolic as it jumps to highest price in more than 12 years
Source: Barchart
The gold-silver ratio continues to plummet, which adds further credence to this silver breakout and bull market.
Source: Jesse Colombo @TheBubbleBubble
Is gold already too expensive?
Lets compare the current price with various macro and market figures from the previous highs in 1980 and 2011: Source: Incrementum, Ronald-Peter Stoeferle, CMT, CFTe, MSTA
Gold is now 44% above its 2011 peak, while silver remains nearly 30% below its level from the same period.
Source: Crescat Capital, Blomberg, Tavi Costa
