All eyes are on Platinum as it breaks $2100 per ounce. The power shortage in South Africa has the PGM’s (Platinum Group Metals) on a tear.

Buy why is no one mentioning Palladium? As Platinum goes higher, makers of catalytic converters and other users of the white metal, typically start substituting Palladium - thus easing the price pressure on Platinum and increasing the price pressure on Palladium.

Has anyone noticed that Palladium is up $110 per ounce in less than a month - a 30% increase in price? In August of 2005, Palladium was under $200.

We shall see if stocks like Stillwater Mining and North American Palladium can regain their lost luster. The latter is up quite nicely from it’s low of a month or so ago, but still off 50% from last year when Jim Cramer recommended the stock (a sure short signal!).

Time will tell, but in these most interesting times you need help from experts in the field. The experts I follow are the folks at Casey Research who author such publications as the International Speculator.