Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Palladium Trading At Highest Level Since 2011

|Includes:Sylvania Platinum Limited (SAPLF)

Palladium continues to move higher as the miner strike in SA continues. The metal is looking more and more bullish and appears to have broken out on the weekly chart. From everything I am reading regarding the strike, it appears that even when a settlement is reached the mining companies are going to use the excuse of higher labor costs as a reason to begin shutting down high cost operations and money losing shafts. This will further constrain the supply of pgms and should help to further increase the price.

Disclosure: I am long SAPLF.

Stocks: SAPLF