littleriver

Looking for a correction.

NYMEX:PA1!   Palladium Futures
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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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