Palladium is another headline commodity in crash mode. This is the Whack-a-Mole market brought to you by the Federal Reserve’s regime of Inflation onDemand. One gets smashed down, another pops its head up.
Hedgies and machines rove the commodity patch pumping one (e.g. Uranium, although if a trusted source is correct there’s manipulation in there by our friends up north, Sprott) and dumping another, PGMs and especially the PGM cyclical leader, Palladium.
I am tempted about Pd, but am going to try to be patient. While it’s at a moderate support area right here there is better support down at 1558. If registered, that would still be a higher low in the bull market (after ticking a higher high during inflation trade, part 1).
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