Palladium: deaths, taxes and PA1!
They say only deaths and taxes are certain, and yet palladium's recent pump and dump has been so clockwork it puts German trains to shame. They also say markets never travel in straight lines, but clearly they haven't traded palladium which has now retraced all the way back to where it pumped from. On the 4 hourly chart, the precious metal has been swimming with the fishes under the RSI's oversold for more than week and yet despite appearances it can't stay there forever. With the economy in soft-landing rude health and interest rate cuts in sight, hints of which likely spurred this metal out of its slumber, how long until we see another clockwork pump back up to the daily 200MA and beyond?
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