Symmetry in Palladium’s Secular Cycles
Below I analog two separate palladium secular cycles, one from 1980-2001 and the other from 2001-current. Note the high degree of historical symmetry b/t these two cycles. At the moment, palladium is clearing its 2001 secular highs at the 100%…...
Palladium Decline Appears Set to Continue
About a month ago when palladium stood at $720 we noted in this post that it appeared to be decisively breaking multi-year (since 2010) trend-line support, per this chart. We built incrementally on our original palladium post with this one a…...
Could Palladium Weakness Spell Similar Trouble for Equities?
In an earlier post this week we displayed palladium’s ostensible break below multi-year, long-term trend-line support and suggested that break-down would be apt to precipitate accelerated downside in the commodity, as similar break-downs had in the past. Today we present…...
Palladium Beginning a Very Large Decline
In the chart below each of (A)-(D) have seen palladium break through muli-year trend-line support, thus ushering in quick, precipitous declines in the commodity when they’ve occurred. I believe a similar such break-down is occurring this week atop line (E)…...
Palladium Coiling for a Large Run Higher?
On 3/5/14 I noted palladium had developed into what appeared to be a bullish looking pattern in the context of similar patterns that the metal had registered throughout history. At the time palladium stood at ~$770 and we suggested being…...
Last Piece of Resistance In Way of More Upside for this Metal
Suggested buying Palladium on 3/5 due to what appeared to be a break-out from a flag/pennant pattern. At the same time, also suggested PAL which declined and force-stopped the position (as discussed in an email this was to be 1/4…...
How Much Upside/Downside in This Commodity?
Be a buyer of palladium. If you don’t trade futures, that’s the PALL ETF, which has decent liquidity. Your initial upside target for the metal is ~50%, to $1,150 from the current ~$770. The logic for being bullish this metal…...