Last year I bought palladium at $390 right before it dropped to around $170. I still have it and it's hanging out near $220 at the moment.
Palladium is Jim Rogers favorite metal - fundamentally. And it's also the favorite of the blogger who writes Stockology.
For a good update on the palladium market see his recent post The True Rationale of Commodities Supply And Demand and also be sure to poke around on his blog and hit some of his numerous hyperlinks.
Palladium might become an alternative energy play from *cold fusion* - see link above.
And there are some investment products about to make the metal easier to
Basically, just read this guy's other posts:
The Russian Checkmate On Platinum And Palladium Is Looming and The Latest On Precious Metals And Commodities.
Also read this story - Getting in Platinum and Palladium Ahead of the ETF Launch.
What's interesting about that article its mention of industrial opponents to palladium ETFs - in particular Big Auto. If that doesn't tell you to get long, I don't know what would!
I really wish I had free capital at the moment. If I did, I'd buy a whole lot more palladium and sock it away for the long haul.