Why am I long on Palladium?
- The majority of palladium supply comes from Russia and Ukraine, and with current economic conditions, a supply shortage (aka price increase) is likely.
-Inflation is out of control in. When almost every other country's currency bleeds against the US dollar, this is not a good sign. Precious metals to the moon!
- A bounce off the long term upward trend line is pretty bullish and shows that although the current price seems high, there could be a lot more upside ahead.
- The majority of palladium supply comes from Russia and Ukraine, and with current economic conditions, a supply shortage (aka price increase) is likely.
-Inflation is out of control in. When almost every other country's currency bleeds against the US dollar, this is not a good sign. Precious metals to the moon!
- A bounce off the long term upward trend line is pretty bullish and shows that although the current price seems high, there could be a lot more upside ahead.