Palladium Looks Expensive (Fundamentals)

Discussion in 'Commodity Futures' started by Ganalytics, Dec 4, 2018.

  1. Think it's time to sell- momentum turned. Close over $1200 is invalidation, otherwise look out below
     
    #11     Dec 21, 2018
  2. maxinger

    maxinger

    It doesn't look expensive.
    It is simply uptrend. in fact, it is now in up channel.
    How far up it will go? no idea.
    In 1997, price went up from 120 to 1080 (ie up 9 times).


    price might collapse like what happened in 2001 where price
    dropped from 1080 to 160 ( ie down 7 times).
     
    Last edited: Dec 21, 2018
    #12     Dec 21, 2018
  3. Way late on this reply- I was making the "expensive" argument on fundamentals/"fair value", not technicals. Either way, I got stopped out @ 1215. Tight inventories and declining diesel share of auto sales in EU are just pumping the market up and up. It's trading at over a 60% premium to platinum now, but I've read it takes about 18 months for auto producers to switch from palladium to plat, so there's not an immediate arbitrage available there to force a compression of that spread. For now, I'm back on the sidelines until I see another turn in momentum that might portend a healthy drop.. can't fight the technicals in the short/medium-term.
     
    #13     Jan 11, 2019
  4. vanzandt

    vanzandt


    upload_2019-1-18_13-32-7.png





    upload_2019-1-18_13-47-44.png

    20% up move in only 6 weeks.
    Brilliant call.
     
    Last edited: Jan 18, 2019
    #14     Jan 18, 2019
  5. niko79542

    niko79542

    vz play nice
     
    #15     Feb 19, 2019