The precious metals space will soon be reawakened by palladium’s rally, with gold, silver, and platinum prices heading higher, according to Bloomberg Intelligence (BI). “The precious metals market is about to resume a rally, in our view, on the back of a surge in the palladium price,” BI’s senior commodity strategist Mike McGlone wrote in his March report. “For the first time in five years, the Bloomberg Precious Metals Spot Subindex is poking above its 72-month average. It may be a better bullish broad-market indication if the recent visit above $1,500 an ounce in palladium marks a peak.” Palladium broke the $1,500 ... (full story)