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Palladium – Under the Radar, Stellar Performer

Posted by Roger in January 4th 2010  

Anyone noticed which precious metal outperformed Gold, Silver and Platinum in 2009?

Palladium.

Having been beaten to a pulp in the global meltdown, Palladium has rocketed back from the $170 range to close out 2009 at over $400 and is looking strong on this first trading day of 2010 ($420 as I write this).

Naturally, when Palladium was cheap there were no bullion coins around to buy, but they were available last summer at over $150 less than currently.

There really are not too many stocks to buy to take advantage of the run up in palladium, and the ones that are there have not done much at all as the metal has shot up.

North American Palladium is trading about 1/3 of what it was when palladium was at its high around $500; not that far from its global meltdown low.

Stillwater Mining is another, but they have other issues that have kept me away from that stock.

A Palladium ETF has been filed for (tentative symbol PALL), but who wants to buy that after the metal has had this kind of run?

Categories: Gold and Silver
Tags: north american palladium, palladium, palladium coins
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