by David Brady, Sprott Money:

I am not here to go into the fundamental reasons why the futures market for Palladium has broken down. I recommend you review the work of David Jensen ( @RealDavidJensen) and Craig Hemke (@TFMetals) in that regard. They saw the breakdown months in advance. Instead, I analyzed the COT data for signs that the Palladium futures market was about to break down and when it was clear that it had. I did this with a view to finding what to look for in Gold and Silver that would signal the suppression of price in those markets was also approaching an end (or already has ended).