Palladium is the new lumber, it’s Commodity Whack-a-Mole

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).

For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by PayPal or credit card using a button on the right sidebar (if using a mobile device you may need to scroll down). Keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.

Testimonials