Palladium price has yet to break the high of May 11, 2006. But it will pretty soon.
Two of the many very bullish factor for palladium:
1.It now looks like Russia failed to deliver their annual palladium stockpile sale to Switzerland, in the month of December, 2007. This pronouces the end of the 2 million ounces annual palladium stockpile sale. Without this extra supply, palladium is now in a serious tructural supply DEFICIT. A deficit way much worse than platinum.
2.Year 2008 is a huge Chinese wedding year, because the number 2008 is a good number and it's China's Olympic year. Most wedding couples will want a diamond ring. People who still coul not afford a platinum diamond ring will opt for a palladium diamond ring. That is a huge demand.
Load PAL here as much as possible, you will not be disappointed in a few months.