SocGen - Palladium is our preferred precious metalhttps://www.kitco.com/news/2018-03-28/SocGen-Moderately-Bearish-On-Gold-Prices-Prefers-Palladium.html
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Palladium is projected by SocGen to be at $1,075 in six months. Spot metal was at $975.45 early in the New York morning. "Palladium is our preferred precious metal, and we see the current price dip as a buying opportunity," SocGen said. "Given that palladium is widely regarded as the most ‘industrial’ metal of the precious-metal complex, and thereby more closely linked to the business cycle, it is not surprising it fell along with equities. Nevertheless, tight physical availability for immediate delivery, backwardated short-dated swap rates and a bullish chart picture are key bullish factors. Given that supply is constrained and unlikely to expand, we see the market deficit deepening this year and in 2019."
Analysts projected the 2018 supply deficit in palladium at 1.6 million ounces."