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Palladium

Silver: Mirroring July; Over $20 in March: Prepare for it!At current time, both Silver and Gold are in mid-cycle consolidations (not corrections) and it is highly improbable that the current key levels/values (~1550 for Gold and around 17.65-17.75 for Silver) fails to hold. Any deviation from these values will be bought and the price will bounce towards these ranges as we gear up for the next leg higher. This has been the case several times already. Technical analysis points to Gold reaching 1700+ sometime in March, with Silver reaching 21+ in the similar time-frame. Dating back to December, I forecasted this run-up for JNUG and USLV (Gold and Silver respectively) and this pattern still holds true. - zSplit
FX:XAGUSDLong
by PaulDeep19131
Platinum - Palladium Ratio at All-Time Lows and BottomingThis commodity ratio cannot go to zero and its the closest to zero it has ever been. This ratio has likely not hit its bottom just yet but this is a strategic time to be building exposure to platinum and reducing exposure to palladium. Even with platinum having broken out of major resistance in the first two weeks of 2020, palladium may still have room to go higher which can continue to push the ratio lower in the short & medium-term, but long-term this is an extremely strong accumulation zone. Look closely at the last time the platinum - palladium ratio was this low. Look at the bottom it formed when palladium topped out in 2000 and platinum bottomed out. Look how effectively the trendlines were respected. Those watching this sector closely and that have the patience to invest during these quiet times will be handsomely rewarded.
TVC:PLATINUMLong
by Ludwig_Von_Mises
4
Palladium | Exponential GrowthPlease support this idea with LIKE if you find it useful. Initiate Short. Entry - 2274.4 TP - 1953.9 SL - 2318.4 Reason: Exponential growth with overbought RSI. Plus pay attention on Ichi Cloud that became thiner - the growth became weak. Seems the price was already rejected. At least the price should take a correction. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advise.
NYMEX:PA1!Short
by Anpu
2
Clear as Day: Gold Set to Continue RisingAs I always tell people, watch the seniors and you will have a premonition on the upcoming movement of Gold. Many leveraged funds and senior stocks are currently forming an elongated cup, and just coming off a handle in many cases. Expect a rest for Gold slightly, as we move our way to 1580, and in about a months time (around March) Gold should be near 1700. Please see some of my other ideas to follow my reasoning and analysis. - zSplit
TSX:HGULong
by PaulDeep19131
1
Is $2,500 The Limit For Palladium?Palladium has gone on to shatter records performing a steep climb over the past couple of weeks but will the rise be over as fast as it started? The chart clearly shows the clean breakouts following clean pullbacks in Palladium over the last year and each breakout has resulted in a nice trend. The most recent breakout has been the strongest yet in its recent history. When price was approaching $2,000 again in January 2020, many said that price would fail at that level as it had failed there previously in December 2019. Price will always do what it is going to do, which is why speculation should be ignored at all costs. Palladium went on to soar above $2,000 and then we saw increased momentum which pushed price up another 25% to where it now stands around the $2,500 level. Is this the limit for Palladium? That is anyone’s guess. But what may be more likely to happen next is for price to pull back as price appears to have momentarily run out of steam. If this is the peak then we may see a sharp decline, but if this is just a pullback then we want to see a break and close of the current high at $2,543 which will confirm a continuation of the bull trend. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUMLong
by Sublime_Trading
13
Gold Battling With Resistance & Support!The behaviour of Gold has been consistent over the past couple of years where we have seen trends followed by consolidation periods. The most recent breakout of consolidation on the 6th January 2020, saw price sharply rise to a height of $1.611 but that was short-lived. Price re-entered the consolidation zone and things were not looking good for Gold as its rival commodity, Palladium, is soaring to new all-time highs. Despite moving back into consolidation, the buyers did not give up and have again pushed price back up and above the resistance level at $1,557. If there is a good amount of momentum built up then we should see price approach the next resistance level at $1,611. A breakout there will confirm a continuation to the upside and we should continue to see long-term growth in the price of Gold. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLDLong
by Sublime_Trading
Last Leg of Equity Bubble (12-24mo); Palladium Bubble to Roar For those that follow my ideas, there is no question we are in the last leg of the equity bubble before an extended bear market. The catch 101 however is, any pullback that occurs will be bought until the SPX hits a minimum of 4000. I see an equity bear market commencing anytime from late 2021 to sometime in early 2022 for several years (impossible to know when specifically) Having said that, Palladium has essentially confirmed the equity bubble that will last anywhere from 12-24 months from the writing of this post. We can clearly see that Palladium must touch the upper longitudinal linear axis. Of course when it does this exactly will determine the eventual top, however, Palladium will indeed hit a minimum of 4000 as a top, however, it cannot be ruled out that 5000 or even 6000 is possible over the next 24 months or less. - zSplit
OANDA:XPDUSDLong
by PaulDeep19131
Waterberg Project is Advancing: Is it PTM's Time?PTM now seems like a promising investment for one of the first times in a long-time. With Palladium soaring into parabolic levels and Platinum on the up-and-up, the Waterberg project, that PTM is focused on advancing, is slowly moving forward. This serves as a long-term investment as the company doesn't expect production to commence until roughly 2024, however, as long as positive news continues between now and then, the stock should propel forward. With Palladium highly correlated to the SPX, and with likely a strong bull market continuing for all of 2020 and at-least some of 2021, this could propel Palladium to 3000 or more and push this stock up for speculative reasons. This represents one of the first positive EPS earnings results in a while and as a result, the stock has broken its long consolidated resistances where it could continue to propel higher due Palladium's price-tag. While this stock has had quite a few sharp moves to the upside in the past and faded, this time it could represent a different outcome as it has been moving higher prior to earnings and created higher lows; it has also broken an extended cup resistance dated back since spring of 2018. Once this project commences it represents one of the most lucrative reserves of Palladium and Platinum in the world. Definitely a stock to throw a small piece of your money in and hold it for years to come. - zSplit Other notes: - Trading volume has been increasing significantly on the TSX - Trading volume has significantly increased over the NYSE - Hefty after-market volume
TSX:PTMLong
by PaulDeep19131
Palladium Rockets: What to Expect, Why and How I Call it NowI ended up being one of the most bullish investors with respect to Palladium for 2020 but even I was a little wrong! Many people called Palladium tanking in 2020 with 2000.00 being the absolute peak. Nope! My forecast was 2500 but I have revised the outlook, and here's why. While most Palladium mines are in South Africa (which I already knew in my previous forecast), it turns out that there has been some power issues due to weather (impossible to predict ahead of time), and this will artificially increase Palladium significantly in 2020; it has soared nearly 28% YTD which equates to one of the top assets thus far in the entire stock market. Now, this may or may not be pure manipulation to drive the price up, but in reality, all that matters is the price is going up. Secondly, it seems there has been an absurdly high interest level from China, India and other parts of Asia for Palladium. It could be that they are using the metal for electric vehicle production, or stockpiling it for future production. Nonetheless, and interestingly enough, Palladium and the S&P 500 are highly correlated, and I accurately called that 2020 will be very bullish overall for the markets, and as such, Palladium will continue to rise. Palladium could have a violent pullback of 5%+ when the SPX decides to correct just a little bit (doesn't have to be some epic correction), but the dips will be bought in both cases. Palladium will likely consolidate with some gains but much lesser gains through 2021, before the run corrects more drastically sometime in or around the year of 2022. Some top stocks to invest for 2020 PTMs: IMPALA Platinum (follows Platinum mostly, and a little Palladium) || PTM (junior Palladium miner that focuses on Palladium mostly and other PTMs). TP 2020 (not necessarily by year-end): 2800-3000+ - zSplit
OANDA:XPDUSD
by PaulDeep19131
3
Are there money to be made in Shorting ?The answer is a resounding YES !!!! Like many traders, I learnt to buy stocks, commodities, forex, etc. You hear lunchtime talk like : I am buying Apple today ! I am long on Tencent with a SL of xxx! There are lesser people telling you about shorts or selling. I did not realise it requires a mental shift years back when I was attempting my first short. Psychologically, it was harder to accept now that we have to reverse the principle of "buy low sell high" to "Sell high buy low". So, in this Palladium case, it is now at high. Of course, it can go even higher (go check out the monthly chart and you cannot find a preceding higher point than current price level). Such parabolic moves are great shorting opportunity , think cryptocurrency, how fast it goes up and down it falls in 90 degrees angle. I reckon this will not be the case of Palladium as it's industrial use is still very much relevant in today's market. Though there are talks of Platinum acting as substitute but automakers are slow to make that change. Until that day, Palladium might correct and goes sideway but it is unlikely to have a heavy fall , in my opinion. So watch out for the price level between 2150 - 2175 where I expect the action to come , i.e. breakdown from the ascending wedge pattern. Notice I draw a dotted line showing the possibility of it breaking higher. If it does, then wait for 2275 level and study the price patterns closely. For new traders, please use a demo account to practise but train your mind to feel the profits or losses is REAL. But just because it is a demo account, do not put in a huge position size just to inflate your ego, that would be meaningless. Whether the result is a 5 figure profits or loss, it does not affect you since the capital was easily provided. Use the same amount as you would in your real account except this is for practice. You need to get really comfortable and know the mechanics of sell high buy low, training your eyes to spot the trade opportunity and manage your risk accordingly. There are money to be made in shorting, really. Go do your homework. Trade safely.
TVC:PALLADIUMShort
by dchua1969
4
Mind the GapAs it is , Palladium has now cross over the 2000 (2095 at time of writing) level as many analysts have correctly predicted. Looking at the chart, this 2000 price level was also where Platinum reached its peak in Feb 2008 (some 12 years ago). Sadly, it has not recovered even half of the peak since that day. It has been a downtrend for the last decade or so. With Gold and Silver enjoying the limelight these days with new highs, the price of Platinum seems to be crawling at snail pace. Well, purely comparing Palladium and Platinum like Heaven and earth, if you have time on your side and some capital, where would you park your funds into ? Could Palladium go to 3000 ? Your guess is as good as mine. However, at around 11,000 price level, Platinum will break out from its long serving bearish trend. Platinum's low or support is around 800 level, so buying it now has limited downside but huge potential upside. You can consider parking 1-3% of your investible capital and basically "buy and hold" for the next few years. If you are more conservative, you can wait for the bearish trend to be broken first then decide if you want to get in. There is no one fixed strategy, employ the one that makes you comfortable.
OANDA:XPTUSDLong
by dchua1969
2
Gold Breaks First Major Resistance!Following on from the previous Gold post, you would have seen that we mentioned that price was approaching major resistance at $1,557 which was from the high of 4th September 2019. On the 6th January 2020 price eventually broke through this resistance level confirming a continuation to the upside. Price also broke out of consolidation and what tends to happen after consolidation is that price usually forms a strong trend. This does depend on how long the consolidation lasted. Price is currently showing some signs of weakness as the breakout candle has a long wick above it, indicating that the sellers are trying to push price back down. What may happen next is that price may use the previous resistance as support before a continuation to the upside. Price may also decide to re-enter consolidation and in that case we would need to wait for another breakout before looking for any long opportunities. As we currently have positions in this instrument, we are waiting for opportunities to compound and increase the potential profits this commodity may decide to deliver to us. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:GOLDLong
by Sublime_Trading
2
Palladium Worth Over $2,000!On 17th December 2019, price made an attempt at breaking the $2,000 major round number and failed. From that date through to the end of 2019, it was unclear whether Palladium would exceed $2,000. We prefer to wait for breakouts and avoid trying to guess what price will do next. On 6th January 2020, price broke and closed above $2,000 creating new historical highs and signalling strong momentum in this commodity. If price does continue to rise then we can expect to see deep pullbacks along the way up as this is the nature of this commodity but this is nothing to worry about. Pullbacks are just periods of temporary selling and usually scares off the inexperienced traders. If you are trading and following the trend, then your stops should be kept a distance away from price to allow these pullbacks to occur without stopping you out prematurely. We will be following Palladium and will be looking to add more positions to our profitable trades that are currently still running. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUMLong
by Sublime_Trading
2
Palladium: Remaining Bullish in 2020 before 2021 ConsolidationPalladium has quietly ran up as much as 65% YTD at one point with a likely 'finish' around +53-54%. In my forecast, I believe Palladium will reach roughly 2400-2500 by the end of 2020 with a more aggressive short coming sometime in Q1 in 2020 (Jan, Feb or March) and one later in the year in Q4 of 2020 (October, November or December). Production relative to demand remains considerably unmatched and this trend will continue through 2020. Because equities will remain at-least modestly bullish in 2020, there is no reason for the automotive sector to drastically deteriorate, and as such, Palladium demand will remain strong despite random bears trying to say otherwise. Moreover, the strong demand from international markets like China and India will push Palladium higher than most people think in 2020. The overall 'bull run' of Palladium will end once the price falls BELOW $1650. Note: The dips may be slightly more aggressive than what I have drawn here, however, the overall prediction, trend and timing remain accurate. - zSplit
OANDA:XPDUSDLong
by PaulDeep19131
6
Palladium Slowing Down at $2,000!If price can climb another 60 points and go beyond the $2,000 mark then it would be creating new record highs for this commodity, which in 2016 was only priced as low as $454. It has travelled some way since then to where it is now and that journey has not been the smoothest. After the smooth linear trend from August 2018 to March 2019, price took a turn and went into consolidation. The sideways movement continued like that for 6 months before the trend resumed. What traders have to realise is that a period of consolidation does not write off a trade and quite often just indicates exhaustion in the market before momentum kicks back in and we see a trend continuation. The last pullback was held and pushed back up by the 50sma, which also pushed price through the previous resistance at $1,823. We will have to see if that same momentum will push price through the $2,000 psychological round number and beyond. We will share updates if and when we see new all-time highs created. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
TVC:PALLADIUMLong
by Sublime_Trading
2