littleriver

Looking for a correction.

NYMEX:PA1!   PALLADIUM FUTURES
236 0 1
Historically the price Palladium             has followed the auto industries lead. However, the recent drop in metals has created a divergence in palladium             and one of the underlying consumers Toyota manufacturing. To be fair , Japan's move to further devalue the yen played a role in this gap too. But looking at other car makers, we can say the divergence between Palladium             and Toyota is not the exception but the rule. As metals continue to be pressured and autos mount a comeback this gap is sure to widen without a correction.
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