This evening, palladium briefly sold off hard, then just as suddenly, it rocketed higher. As of this moment, it’s up almost $100 per ounce and over 5%, extending what has been a sensational run in my best chart call of the year.
It hasn’t even been two weeks that /PA has added nearly $500/oz. to its valuation.
Keep in mind, palladium lost about 80% (!!!!!!) of its value from mid-2022 to mid-2024, and it has only partially recovered that drop. Unlike gold and silver, both of which are at lifetime highs at this very moment, palladium is still trying to rebuild itself.
It struck me only minutes ago, as I was castigating myself for “missing” precious metals since I stupidly sold my PALL, that my physical bullion holdings are WAY more valuable than my trading accounts, so I’m not sure what I’m bitching about so much. I’m never happy, I guess!
