Platinum Breakout & Palladium Blow-off Top

Platinum at current levels presents tremendous value. The precious metals take turns outperforming and underperforming. In the late 90s palladium went into a bubble while gold, silver, and platinum bottomed out. Then throughout the 00's palladium moved sideways while platinum, silver, and gold all outperformed.

I believe we are nearing a similar setup where US stocks will enter a blow off top and palladium will follow. Following this blow-off top platinum and silver will begin to drastically outperform.

Additionally, the more expensive palladium gets, the more likely industry will find ways to substitute towards platinum. This is especially the case since most of palladium demand comes from China.

Be keeping an eye on these metals, along with gold and silver.

تعليق:

Palladium barely budged, wow