With palladium prices surging again and physical metal in tight supply, there is an abundance of incorrect analysis and misinformation on the internet. This podcast will explain for you the forces at work that are driving price and what, if anything, the palladium market may foreshadow for gold and silver investors.
I've known David Jensen for a few years and he's the guy who first directed me to watch palladium back in 2018. David understands how the LBMA and LPPM operate and, as such, provides analysis and information that is actionable and unrivaled.
For this call, David and I begin by setting the background of metals trading and how digital derivative and fractional reserve pricing has led to a supply deficit for palladium that streches back several years. Please follow along as David discusses these two charts:
And then be sure to check these two links that David mentions as the discussion turns specifically to palladium:
Finally, the past three days have seen palladium prices plunge by 10% as JPMorgan transferred some metal from New York to London in a move designed to ease the supply pressures. However, note that the bulk of the selling has occurred during Comex hours...where next to zero metal ever changes hands:
And further note that over the past twelve months, there have been five previous corrections of this magnitude. All of them only served to lead to the next higher high. Will this current correction be any different?
Many thanks to David for his time today. For daily updates, be sure to follow him on Twitter @realDavid Jensen: https://twitter.com/RealDavidJensen
And if you're not a current member at TFMR, you should be. We've been following palladium for over two years now and continue to monitor it daily. You can learn more about a TFMR subscription here: www.tfmetalsreport.com/subscribe
Thanks for listening.