http://seekingalpha.com/instablog/121744-mark-anthony/46203-unwinding-of-currency-swap-looming-us-dollar-crisis
Time to run to precious metals as your financial safe haven. Don't run to euro, as the eurozone is crumbling down. Don't run to Japanese yen. Japan has an even worse debt problem. When Japan collases under its debt it must sell US treasuries to salvage its own currency, which will trigger a domino effect leading to the fall of the dollar. The only thing safe are precious metals and commodities.
The parabolic price rally of palladium in the past one year, a performance that is far better than gold, silver and platinum, has vindicated my conviction on a palladium bull case.
Why palladium ? FOUR things make palladium extremely bullish :
- 1. Termination of Russian government palladium stockpile sale, due to stockpile depletion.
- 2. Looming South African electricity crisis could strike again any time, just like two years ago.
- 3. Launch of ETF Securities physical palladium fund (PALL ) in the US market.
- 4. Long term potential of palladium used in Cold Fusion, make it a must have strategic metal.
