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Probably my best trading idea of 2025 has been palladium. I had never even considered this metal for decades before, but it’s looking better almost every day. Sadly, as with silver, I’ve tried to get in and out of these things at the “right” times, but I’d have been vastly better off if I just, Ron Ponpeil style, “set it and forget it.” Suffice it to say, the base has completed beautifully.
It’s time to do my only physical activity of the day and pat myself on the back.
Yesterday, just before the opening bell, I wrote a post called Dust to Dust in which I declared two insane things: (1) I was going to dump the entirety of my PALL position and take profits, in spite of its strength (2) I was going to defy the entire global precious metals rally and short the miners.
We’re only an hour into the new trading day, so it’s a little early to erect a statue, but the last two times I sold PALL (red arrows) the timing seems pretty decent.
Hey, did anyone mention perhaps palladium as a good investment? It continues to do great. But I’ve got to level with you: I am delighted with the profits from this trade, but I’m a total wimp. Thus, I’ve taken the profits off the table and will wait to see if the happy day comes when we get another dip. I am thrilled with the ascent of precious metals, but good grief, they can’t go up EVERY day, right?
I first wrote about palladium (specifically, the PALL fund) precisely eight months ago, and it is up 20% since then. The thing is, I think that 20% is just the first baby step in YEARS of price gains to come, at least relative to equities. Here is a recent view of how the /PA futures are doing, aided by Monday’s $50 price gain.
