A Look at Comex Palladium

by Craig Hemke
Gold Seek

As you know, we’ve been following the palladium story for over two years now. It is very important to understand that this is NOT a speculative, COMEX story. Instead, this is a physical supply story that emanates from London. To that end, today let’s review the COMEX data to see how The Banks are responding in this futures-only market.

Let’s begin with the chart below. This is a weekly chart of spot palladium that goes back to early 2017. Back then, price had yet to eclipse the old all-time highs near $1100 that were set in 2001. Note the placement of the five arrows that we’ll explain below.

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