You Won’t Believe Which Metal Is On Fire Right Now – And It’s Only Getting Hotter
Palisade Research January 10, 2018
Palladium reached a new all-time high. . .
Less than one month ago we wrote an article preparing you for the coming shortage in palladium.
In it, we even gave you a free stock idea to seriously look at – New Age Metals (CVE:NAM, OTCMKTS:PAWEF), which is up 100 percent since then.
Not bad, right?
But these kinds of gains for palladium and palladium stocks could be just the beginning. . .
As we talked about, there is a looming shortage for the metal.
A deficit of one million ounces is likely to happen this year alone.
“The metal is forecast to be in a deficit of about 835,000 ounces this year, according to Citigroup Bank”
The rapid growth of the Chinese car industry – which is palladium’s most important use – is more than the market expected.
That’s because palladium’s unique properties make it paramount in the fight against pollution.
The metal is used inside a vehicles catalytic converter – made to prevent harmful exhaust fumes and emissions from gasoline fueled automobiles.
As the world continues to go “green” and fight against environmental damage and air toxins, critical metals such as palladium will be more important than ever.
But this is a huge problem. . .
Because there just isn’t enough palladium being mined.
And until new palladium deposits are discovered – annual shortages of one million could be considered small.
Don’t worry – there is a brightside to all of this. . .
Growing market demand and declining supplies will push prices much higher.
And the companies that have ample palladium reserves in the ground will be gobbled up at huge premiums by industries that need to get it out of the earth – at any cost.
As investors, this puts palladium in exactly the kind of position we want.
It’s better to not wait until palladium is up another 56 percent like it was last year in 2017, especially as shortages are becoming a reality. . .
Like we say, “pick right, sit tight.”
Palisade Global Invest ments Limited holds shares of New Age Metals. We receive either monetary or securities compensation for our services. We stand to benefit from any volume this write-up may generate. The information contained in such write-ups is not intended as individual invest ment advice and is not designed to meet your personal financial situation. Information contained in this report is obtained from sources we believe to be reliable, but its accuracy cannot be guaranteed. The opinions expressed in this report are those of Palisade Global Invest ments and are subject to change without notice. The information in this report may become outdated and there is no obligation to update any such information. Do your own due diligence.