Don't be scared in the long run, the trend is still up

AMS will remain strong as long as Palladium, Platinum and Rhodium remain strong. Supply at the moment appears to still precede demand as the world pushes to eliminate carbon emissions created by fossil fuels. Expect fuel companies and the price of oil itself to eventually wane to zero as demand dies out. Right now we are hanging at the .618 golden ratio with clean price action conforming to fundamental and technical analysis.

Trade closed: stop reached

Trade active:

I think now might be the time to consider laddering in. A lot of fundamentals went into what transpired today; simply put AMS, which produces roughly 38% of PGM, had to close one of it's plants and claimed force majeure (there's a new word for you). Interestingly enough, PGM reacted conversely to the massive price drop showing how it valued the current supply and demand structure.

Comment:

Price action area of interest in white. Lower drops can still be anticipated.