Seems outlandish, just from a pattern perspective

Fundamentals of Pt vs Pd history would project that industrial users switch to the lower priced commodity since they offer relatively the same physical properties (i.e., Pd $2100 v. Pt $900). Now add the long-term Elliot Wave chart pattern and the electrification narrative and there certainly can be said that there is a confluence of indicators. I know the wave analysis results in a crazy high Pt spot, but we have seen crazier scenarios play out.

تعليق:

Of course, I was tempted to ignore the 2008 crash and draw only two waves on the chart, anticipating that we are only at the beginning of the largest Wave-3 currently. Either way, hold on to your hats if this is anywhere close.