I’ve become rather transfixed by this beast lately:
Just as I was disappointed this morning pre-market when I saw the /RTY was up (then it fell) I was doubly disappointed with /PA was down hard (yet it’s clawed its way back to the green).
It could take months to fully finish this pattern, but I’ve promised myself to try to be more patient with this one than I was with silver. Succinctly stated, I would have done great with silver, but I got spooked every time it moved down even a little, so it was a self-made chop-fest. Stupid.
This new chart of palladium divided by the US dollar index illustrates one of the reasons I think palladium is headed for a long-term bull market.
Let’s see if being a bull on something can actually work out this time.
