This is an excellent article. I expect a lot of volatility in the Pd/Pt ratio. Pd has been above Pt long enough for automakers to switch hedges from Pd to Pt. I'm guessing.9 Pt can substitute for 1.0 Pd in gasoline cat converters. Open interest in Pt futures is greater than S. Africa's annual production. All naked shorts as the producers don't hedge.
When this call for the physical Pt materializes it's going to be something. I look for new highs in Pt. I mean lifetime.
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The 48-Year Record Of Platinum:Palladium Ratios
This is an excellent article. I expect a lot of volatility in the Pd/Pt ratio. Pd has been above Pt long enough for automakers to switch hedges from Pd to Pt. I'm guessing.9 Pt can substitute for 1.0 Pd in gasoline cat converters. Open interest in Pt futures is greater than S. Africa's annual production. All naked shorts as the producers don't hedge.
When this call for the physical Pt materializes it's going to be something. I look for new highs in Pt. I mean lifetime.