The Birth Of A 10-Year Bull Market In Platinum and Palladium [ETFS Physical Palladium Shares, ETFS Physical Platinum Shares]

The Birth of a 10-Year Bull Market

Add it all up and the message is clear: by any reasonable measure, the supply problems for the PGM market cannot be fixed in the foreseeable future. We have a rare opportunity to invest in metals that are at the beginning of a potential 10-year bull run.

Platinum and palladium prices may drop when the strikes end, but if so, that will be a buying opportunity. This market is so tenuous, an announcement of employees returning to work may be too little, too late. We, thus, wouldn’t wait to start building a position in PGMs.

GFMS, a reputable independent precious metals consultancy, predicts the palladium price will hit $930 by year-end and that platinum will go as high as $1,700. But that will just be the beginning; the forces outlined above could easily push prices to double over the next few years.

At that point, stranded supplies might start coming back online—but not until after major, sustained price increases make it possible.

This article is brought to you courtesy of Jeff Clark from Casey Research.

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