Palladium - Short
Currently trading at twice-ish of it's production cost. Bubble began due to demand outstripping supply but is being re-propped up by short covering. We're already starting to see it peal off the reestablished highs. As further production chases the 2x premium (cost of production $720 vs $1510.5 per Troy Ounce) and auto makers look for alternatives.
Risk: A deficit still very well exists and can be exacerbated by Russia sanctions on scrap exports.
Risk: A deficit still very well exists and can be exacerbated by Russia sanctions on scrap exports.
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