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Palladium extends bullish streak as automakers cool on diesel
“If there’s one trade that keeps me up at night, it’s palladium. If you want my advice, stay clear of it,” were the comforting words of one senior trader who spoke to S&P Global Platts recently. Palladium has been sky-rocking over the past two years, creating not only a sense of jubilation for those on the right side of the trade, but also fear for those trying to gauge the metal’s next move. As ever with trading, it’s all in the timing. From a spot bid price of $700/oz at the start of 2017, the metal hit an all-time high of $1,440/oz in early January but then took a hammering lower. It leveled out ... (full story)