New Age Metals Inc V.NAM

Palladium: Sentiment Continues To Remain Complacent

[CatamaranFund]

SA writer Taylor Dart takes a more cautious approach to Palladiums runaway success to sort of balance out the more optimistic articles posted so far - however even he states this alert referring to recent surge:

"... I believe the bullish supply/demand picture has already been priced in after a 340% run in the Palladium ETF (PALL) in less than four years. It has never paid to be greedy when the herd is greedy, and I believe we've finally hit this tipping point for palladium. By no means would I consider shorting yet, but being long at these prices is no longer an attractive trade in the slightest...."

Summary

• Bullish sentiment for palladium has been above 90% for three of the past five days.
• The metal is now up over 340% in less than four years, one of the most impressive moves by any of the metals in the past two decades.
• I continue to see the wise move as taking profits into strength and believe that the reward to risk remains poor at current levels.

To read Article:https://seekingalpha.com/article/4315840-palladium-sentiment-continues-to-remain-complacent
 

Cheers to the patient...