... and it could be yours too!
Palladium is at an interesting juncture here. It is worth following.
Technically, the outlook is extremely bullish.
Double bottom within a double bottom, an enormous consolidation right at the top. This is a platform to launch way higher.
I've found big similarities with Bitcoin's price action and patterns of the last 5 years. Some coincidences are unbelievable.
The profound scarcity on both could be the driver.
Although Palladium's trend is slower (there's nothing faster than bitcoin), this structure is way more solid.
It has broken to all time highs this year, and after a successful retest it is now marching up trying to discover its fair price.
It could have a tremendous jump in the following years.
Fundamentally, it is also attractive.
Palladium is very scarce and the main application is industrial, employed in an after treatment coating in vehicles exhaust (catalytic converter for combustion engines), helping reduce harmful emissions. This subject gained a lot of traction given strict European legislation towards global warming/climate change, and the failure to comply by auto maker companies such as Volkswagen (2015 scandal).
This metal has only recently started to shine as a precious metal investment. While RCM has been producing 99.95% pure palladium bullion coins since 2005, US Mint started last year 2017 with a ridiculously low mintage.
The risky element is that palladium demand depends on cars production, and as such the price could be subject to Global Macro conditions which are very sensitive right now and the years to come.
In 1999-2000 it had its previous explosion in price with the commodities boom nurtured by geopolitical issues and shortage of supply. The number 1 producer in the world is Russia followed by South Africa.
Public attention is still quite low, but palladium recently captured a few investors and journalists attention naturally, after breaking to all time highs and surpassing gold's price per ounce... some media have been reporting palladium as "the most expensive metal in the world" (inaccurate).
Palladium is at an interesting juncture here. It is worth following.
Technically, the outlook is extremely bullish.
Double bottom within a double bottom, an enormous consolidation right at the top. This is a platform to launch way higher.
I've found big similarities with Bitcoin's price action and patterns of the last 5 years. Some coincidences are unbelievable.
The profound scarcity on both could be the driver.
Although Palladium's trend is slower (there's nothing faster than bitcoin), this structure is way more solid.
It has broken to all time highs this year, and after a successful retest it is now marching up trying to discover its fair price.
It could have a tremendous jump in the following years.
Fundamentally, it is also attractive.
Palladium is very scarce and the main application is industrial, employed in an after treatment coating in vehicles exhaust (catalytic converter for combustion engines), helping reduce harmful emissions. This subject gained a lot of traction given strict European legislation towards global warming/climate change, and the failure to comply by auto maker companies such as Volkswagen (2015 scandal).
This metal has only recently started to shine as a precious metal investment. While RCM has been producing 99.95% pure palladium bullion coins since 2005, US Mint started last year 2017 with a ridiculously low mintage.
The risky element is that palladium demand depends on cars production, and as such the price could be subject to Global Macro conditions which are very sensitive right now and the years to come.
In 1999-2000 it had its previous explosion in price with the commodities boom nurtured by geopolitical issues and shortage of supply. The number 1 producer in the world is Russia followed by South Africa.
Public attention is still quite low, but palladium recently captured a few investors and journalists attention naturally, after breaking to all time highs and surpassing gold's price per ounce... some media have been reporting palladium as "the most expensive metal in the world" (inaccurate).