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The Dramatic Rise of Palladium

Platinum is edging towards 900 $ per ounce and since the outbreak of the crisis in the Ukraine, the price increase has gained even more momentum.

It's interesting to observe that palladium didn't crash together with gold back in 2013. Although, a substantial currection did occur, this metal has surpassed the previous highs reached during this bull market.

Palladium has been in a bull market since the 2008 crisis.
Back then, it was trading around 160-170 $ per ounce.

Palladium's bull market is at least as impressive as gold's decade-long bull market.

Platinum has already reached a 14-year high ( has concluded).

But, it's important to mention that there has already been a bubble, which popped after reaching above 1,000 $. The downward slope started in 2000 and continued until 2013.

Besides the impressive rise, there is also a possibility for an abrupt downfall.

Could platinum's current price rise be a more long-term trend? More sustainable?

Is it a good time to invest in palladium now or is it too late?

The price of palladium has soared in January this year after South African miners went on strike - the country produces 40 % of the World's palladium.

Then, the Ukraine crisis has lead to Western sanctions against Russia, propelling the price of palladium even higher.

Palladium is expected to soar even higher, because the EU has hit Russia again - with harsher sanctions just this Friday.

Russia could retaliate by purposely shutting off palladium export to certain countries or, the EU's financial sanctions themselves could affect the supply.

Investors know that palladium is a very important metal used in the auto industry.

For further details - read this palladium guide on

A good read about the undergoing palladium bull market is on David Morgan's blog, entitled "The Palladium Bull Run is Under Way".

David Morgan's last week palladium price chart analysis speaks of possibly highs of 1,300-1,400 $.

So far, palladium is not showing signs it would be overbought, but it remains to be seen how long this bull market will live.

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