
Originally Posted by
mikeinreco
That is my point why are precious metals not higher?
The platinum group metals being liquidated out of Russia through the back door, no longer passing through the London Metals Exchange kinda tipped the apple cart over.
No checks and balances, industry needing palladium bid for the metal on the London Metal Exchange, obviously black market metals are by-passing the exchange but still finding buyers.
Market is being flooded, brings the price down.
The automotive industry is the biggest user of palladium, your guess is as good as mine who the buyers are.
If I had some disposable cash I would purchase palladium.
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