It’s a thought that’s been brewing for a while and seeing it jump back over 1X again this week has this desk saying it out loud for the first time:
The fate of the PM used in semiconductors and catalytic converters with a roughly equivalent price to the monetary metal makes more sense to follow in 2021 for economic clues than an infamously manipulated, semi-industrial and less valuable by-product of porphyry copper mines. The Gold/Silver Ratio is dead, long live the Gold/Palladium Ratio.
So that 2020/2021 double bottom is looking pretty good testing overhead resistance from the past 3 years.
Good googaly moogaly, did you see Pd surge? Seasons greetings from PGMs
Difficult to miss after finally publishing on this ratio. Another itch, scratched.