Loading ...Mr Palladium
Scoremore….I am envious of your conviction in Palladium and the gazillions of $s you are surely making trading this beast.
My sincere congratulations.
This will sound like sour grapes and it may well be BUT…GET OUT while you can
Be one of the only ones to ride a parabola and get out before it disintegrates.
There is a Deja Vu here that you should be very weary of
The last Palladium Parabola burst just as the Gold bull of the 21st Century was starting
Would you agree this is possible ore even likely to happen again ?
I have No idea why Palladium skyrocked in the late 90s along with the Nazdaq.
BUT when this mania blew its top …like a volcano…it took the Palladium ( up 10 fold in 3 years) down with it !
And a New Gold Bull was Born.
You may argue and you would be correct that Palladium this time has “only” risen 3 X and still has a long way to go
we shall see.
Good luck
Your Pall Fully
🙂
Hey Fully, can you replicate this channel on stockcharts? I run a channel on everything now to see how it lines out. Tried to guesstimate on the 82 low so this top seams feasible at 1650ish.
https://www.tradingview.com/x/1skbGWzx/
Where do you get that angle on the channel Schiz ?
Couldn’t you join the 2 major lows for the trajectory …which would argue for a higher target ?
The fib ext looks nice compared to my guess. https://www.tradingview.com/x/KqdFY81v/
That’s why I’m hoping you can recreate the chart…. as your data goes further back. I guessed where I thought your 82 low would be based on the midline hits.
From 82 to 92 Pall was pretty flat.
See chart above….
I can fit your angle on the stockchart chart
thanks, I know it shows marginal in linear but thought log might show a perfect channel.
Good advice, Fully. Been there, missed it, too many times.
However, I do believe that PAL is showing us what is possible (probably???) in gold price action. Not to mention the stocks. This reminds me of the early stages of the gold bull in the early 2000’s. There weren’t many days back then when the portfolio would go down. And often a dart board with gold/silver stock symbols was good for making your next buy!
Don’t know, or even have a hunch, that this time will be a repeat. But this time around, regardless, I’ll be more of a trader and take large profits when I can. I’ll miss the tops, but also avoid those awful waterfall declines, too. They happen.
There was a poster at the gold Goldtent back in the day who I became friends with. He knew I traded options a bit, and suggested that I buy some “in the money” calls on what was then Silver Wheaton. So I did. Put $2K into them, which for me was a BIG play. I rode that $2K up to $10K, and was fortunate to hit the sell button at $8K on the way down. They eventually got back to where I bought. I have no idea where I got the gumption to sell at $8K but glad I did. One of many lessons I hope I learned. Sell when things are manic, buy when things are “awful.” PAL is manic…..
How does one trade palladium, other than on the comex futures markets? I see that one can buy pall for going long.
Trade this if you dare:)
http://schrts.co/mCfWdAZi
Hopefully pdl management are smart and start hedging here and now. Slowly hedge production and all the way up till palladium doubles from here. Then pdl.to will be one fantastic company to own shares in. I do think that palladium can blow off to another double yet.
watch for margin requirement hikes like they did with silver to curtail the frenzy, some good stuff at 30 min mark
https://www.youtube.com/watch?v=RCCpljYVkzw