PALLADIUM trade ideas
Is Palladium ever going to stop?No. TO THE MOON!
Thank you for your time, goodbye.
But seriously, we have being going up for a while now, I think mainly due to supply issues, and after palladium became more expensive than gold, it has started to go parabolic.
We are pulling back now, right at that price that was gold complacency support.
I believe either the bubble will pop, or we are going to test gold all time high.
Now... If we go past gold all time high... Oh my. Brace yourselves, the FOMO herd is going to come stampeding.
Industrials NEED palladium, to build cars and other stuff doesn't even matter.
The sources are not exactly reliable: Russia and South Africa. that is it.
Everybody knows Russia, and you migh have heard South Africa was very uncertain...
If Russia ends up being the only source it's GG.
Right now the normy crowd could not care less, but if Palladium starts going into a mania, just wait and see how every one grandma asks about the white metal.
So I see 2 scenarios:
1- Industrials have been panic buying massively and we are going to end up with huge supply and no demand. Huge rapid crash.
2- South Africa will keep sinking into populism and banks nationalisation etc, Palladium demand will keep to rise, and at some point the mainstream FOMO crowd will hear about that precious metal that has been going up and up and up, and this time it will be different "Ye ok we messed up with Bitcoin but Palladium is a real metal and it is actually used in cars and very valuable and scarce so it is impossible we are wrong this time." Once the FOMO crows gets it, enjoy daytrading this +30% in 1 day...
Either way, probably going to be fun. Be ready. Keep your eyes on this before anyone else.
And remember, no matter how many hundreds of times the mainstream crowd was wrong, this time it WILL be different, they are 100% certain of it.
Palladium: On Solid BLue.Slight Modifications to the model: New Solid Red concave parabola. 21 March '19 temporal marker suggested by convergence of curves.
That was the spring rally for Palladium. Upper track, the destabilizing track of the three, is averted.
Dashed Blue and Dashed Green converge in April
Palladium, a desirable pullback on a very strong trendThis noble metal has been stealing the show of its bigger brothers and sisters ever since the risk growth of a market correction started showing at the end of 2018.
Market makers keep playing range-bound cat & mouse with smaller investors still stuck on the "use gold to hedge" multi millennium motto while less popular markets sneak by
However, after a strong bull, and considering this specific market is not yet euphoria-bound in my opinion due to the lack of media exposure, a pull back would be desirable for the health of this up trend -which begins to look like a bubble-
And we have achieved very good levels for this to happen.
Consider hedging long positions around and above the red area for better prices using tools to monitor market makers movements.
For better results, use context of other noble metals and stocks market situations
Unlike the NASDAQ (and overall US markets) ideas, we are not trying to build strong shorts, but merely manage risk on long positions (for now)
Just like all my published ideas, this is not financial advisement, trade at your own risk
Palladium price pumping Palladium price soars increasing by 1.8 percent and currently standing at $1561.52, as the Association of Mineworkers and Constructor’s Union plans “to embark on secondary strikes… particularly in the gold and platinum sectors.”
The Minerals Council South Africa has revealed 15 member companies have received notices to go on strike from night shift of 28 February until 07 March 2019. The 15 companies are said to consider the notice and “do everything in their power” to prevent such course.
Meanwhile, gold prices remain flat with spot gold price seen at $1,329.30 and US gold futures at $1,331.25.
Palladium: Short opportunity approaching.XPDUSD is trading on a long term 1W Channel Up that has reached overbought levels (RSI = 83.871, STOCHRSI = 100.000, ADX = 94.173, Williams = -4.387). If the 1D RSI hits 79.00 - 80.00, we will go short with TP = 1,448.
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Palladium Short OpporutnityPalladium is flirting with 1500, all time high. While demand for catalytic converter is increasing, supply deficit of Palladium increasing helping rally since many months. 4 hourly chart shows clear negative divergence providing a short opportunity. 1450 remain near term target.
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