Could Multi Year Lows in Palladium Be a Reason to Buy?

Sean Brazney: Hello, my name is Sean Brazney, Sales Director for Monex Deposit Company. I have the great pleasure of having Jeffrey Christian with us today, a managing member and founder of CPM Group and one of the many analysts over there at CPM Group. Thank you for being with us today, Jeffrey.

Jeffrey Christian: It’s always a pleasure to be with you and to be of service to Monex and its clients.

Sean Brazney: We have had the report that you are the author of, 2023 Precious Metals in the Eye of the Storm, and I want to get into a particular medal today, but one of the things I love about Monex and our relationship with CPM Group is that we’re not the ones to get out there and just say, bye, bye, bye, the dollar’s dying, the world’s ending. We like to present good, commodity-focused research with our relationship with you and your experience and pedigree goes back decades. It’s there to offer information to help investors make an educated decision about the precious metals investments that they hold on to. That brings up a precious medal that I want to get into today, Palladium. Palladium has been on a downtrend for a while. In fact, almost a year ago, I was telling investors to be careful, because I thought if it broke the $1275, $1300 range, we might go as low as $1060, and today in the marketplace, Palladium hit a low of $1013, I think, and trading around $1060 now. It makes me think, well, maybe now is something as a price target to think about. I’d much rather come to you and look for the data and see what you had to say about Palladium.

Jeffrey Christian: Our attitude toward Palladium has changed over the course of the last year as well. We had been thinking that the price was going to, I mean, it has fallen, as you said, for a couple of years. Our expectation was that it might stabilize around $1,000 or so. From a long, long-term perspective, we’re kind of negative on Palladium. Its major use is in auto catalysts, cleaning up the exhaust, and with people buying fewer cars and with a growing share of the cars that they are buying being electric, they don’t use catalysts because they don’t have exhaust, Palladium probably looks even more unattractive to investors on a long-term basis. With that said, there are short-term reasons to think that the price could bounce up or so. So, you know, from our perspective, from a long-term investor’s perspective, we would be saying, don’t necessarily sell at today’s low price, but if you see the price rise over the next several months or so, or at any point, you might want to take your profits and then redeploy those monies into other precious metals that we are more positive about.

Sean Brazney: The great thing about Monex is our two-way buy-sell market. You can actually keep Palladium in storage, physical, the real physical metal in storage at a registered depository, and you can put sell stops underneath it as the price rallies. Looking for price protection. You can also cost average what you’ve bought. Keep it in storage for a cost average scenario. Be willing to buy it at lows and hopefully it will rally back up and give you a chance to, you know, maybe break free from some positions you’re in, and if you’re really in it for the long-term, you can still think about purchasing it down here at these prices for more of a long-term perspective, but many options that you can play here at Monex with Palladium. Again, the reports that we offer through Jeffrey Christian and CPM Group can give you some much greater details into some of these options with precious metals and, of course, some of the other ones with gold, silver and platinum. So call Monex today. Talk to an account representative. Get your free report today. Thanks for being with us today, Jeffrey.