Greg Guenthner

The list of finalists in the running for “worst performing asset of the year” is topped by gold, silver and the companies that mine them.

No, 2013 was not kind to precious metals. Gold’s down more than 26%. Miners are off by more than 52%. It’s a bloodbath, to say the least…

However, not all precious metals have both feet in the gutter. In fact, there’s one metal we’ve been tracking that looks like it is setting up for a strong 2014.

I’m talking about palladium. It’s useful (palladium is a key component in catalytic converters for the auto industry). And even more importantly, this forgotten precious metal has bucked the downtrend that’s punished gold and silver for the past eight months.

Physical Palladium Shares 2010-Present

Palladium’s spot price is up nearly 6% so far this year. That’s still underperforming the S&P by a couple of miles. But palladium is holding its own as gold pushes toward its lows. And the Physical Palladium Shares ETF (NYSE:PALL) is setting up for a potential breakout year. A pop above $75 could send this name much higher this winter.

Of course, the demand picture is playing a role in the metal’s recent strength.

“Further development in the world economy and increasing global liquidity could boost demand for industrial metals copper, lead, platinum and palladium,” explains the Rude’s own Noah Sugarman. “According to ETF Strategy, significant 2014 tailwinds could come in the form of a sizable supply deficit and increasing U.S/Chinese demand. These fundamental factors may impact Palladium’s price action in a big way.”

Regards,

Greg Guenthner
for The Daily Reckoning

P.S. PALL isn’t the only way to grab gains during Palladium’s impending run. My colleague and resource guru, Byron King, is tracking another solid option and I gave readers of my Rude Awakening email edition a unique chance to discover it for themselves. Didn’t get today’s Rude Awakening? Don’t worry. Tomorrow’s issue is just around the corner. And I assure you that it will include another opportunity just like this one. No less than 3 such opportunities in fact. So don’t wait. Sign up for the FREE Rude Awakening email edition, right here.

You May Also Like:


The Best Metals Trade of the Year

Greg Guenthner

Precious metals investors have had a tough row to hoe these past couple years. But for those who follow this space closely, there is still huge upside profit potential, thanks to an ultra rare metal that's up 19% this year so far. And thanks to a break in the supply chain, the price could soon skyrocket. Greg Guenthner has the full story...

Greg Guenthner

Greg Guenthner, CMT, is the managing editor of The Rude Awakening. Greg is a member of the Market Technicians Association and holds the Chartered Market Technician designation.

  • John Klepac

    Greg, not that I’m complaining, but what got you so bullish this AM on 2014-2015?

Recent Articles

October Plays Another Dirty Trick – Here’s What You Do Now

Greg Guenthner

Bad things have a funny way of happening in October. Remember October 1929? It raised the curtain on the Great Depression. Or maybe you recall the infamous Black Monday crash in 1987. The Dow tumbled 22%— the largest single day loss ever. Guess what? That was in October, too. The 19th to be exact. Notice a trend here? Fast forward to this October... You know what happened this month. And if all that wild market action kneeds you in the gut, here’s what you should do now. Greg Guenthner explains…


In the Downdraft of Hormegeddon

Bill Bonner

The economist Milton Friedman didn’t go far enough when he said, “Concentrated power is not rendered harmless by the good intentions of those who create it.” Oftentimes, that power is rendered more harmful -- to the point of Hormegeddon -- the better the intentions behind it. In today's essay, Bill Bonner highlights the conditions necessary for popular delusions and the disasters they lead to. Read on...


Addison Wiggin
Health Care Costs: Still the Pig in the Federal Python

Addison Wiggin

Right now, health care makes up about 25% of the federal budget. A scary statistic to be sure... But here's an even scarier one: health care's portion of the federal budget doubles roughly every 20 years. Yikes! Addison Wiggin explains why this is and what needs to change to prevent health care from taking up half the federal budget. Read on...


Six Signs Your Government’s Too Big

Chris Campbell

Is your government too big? Find out in today’s Laissez Faire Today with six “red flags” to look out for. Chris Campbell covers everything from one ObamaCare whistleblower to the strange case of our new Ebola czar. Read on…


In the Year 2024

James Rickards

Panopticon goggles? Severe market panic in 2018? Gold confiscation by 2020? Jim Rickards' shocking thought-piece in the spirit of A Brave New World or 1984. Click to see how markets, economics, your money, gold, privacy, wealth building and more look a decade from now in the year 2024...


McDisaster: Fast Food Is Dying – Make a Killing From It…

Greg Guenthner

McDonalds stock is getting crushed right now. Shares have been in a tailspin since June. But it’s not just Mickey Dee’s. Coca Cola shares are in freefall, too. Bad news for them. But if you want to rake in a pile of easy money, it could be great news for you. See, Americans just aren’t choking down this junk like they used to. The fast food burger, fries and a Coke are just down payments on an early coronary - and Type II diabetes. And everyone’s finally gotten the message. So how can you play the trend? Greg Guenthner explains…