Palladium has soared over the last little while especially, but even so, over the past 12 months.
My hypothesis has remained correct and will continue to remain correct: as long as equities are bullish, so too, will Palladium. I believe there will be a 5-10% correction sometime in Q1 of 2020 (impossible to know exactly how much), and perhaps another correction late 2020, however, i believe before the end of 2020 Palladium will reach about 2400 which I am predicting as the top for now.
The long-term future of Palladium remains strong, but with any precious metal, you can expect at-least a 30% consolidation level before the next run-up.
Long until Q1 2020
Watch for a short in Q1 2020 (for Palladium and equities)
Long from Q2 2020
Prepare for short and consolidation as 2020 ends
*Note: Chart is not 100% exact but present to show the general trend.
- zSplit