InvestingScope
Long

Palladium at $4,500? The opportunity you don't want to miss.

NYMEX:PA1!   Palladium Futures
It is no secret that Palladium is one of the biggest winner of the last 3 years. It's long term chart shows that there is even great upside potential. During 1996 - 2001 Palladium made a +879% rise before it consolidated for more than a decade.

Palladium investors eye a similar pattern. The strongest reason behind this is the Palladium-to-Gold ratio. In 2000/2001 this ratio peaked at 4.2. If it happens again, and there is no reason to believe it won't as the candle sequence that preceded this sharp rise is virtually identical, it will take Palladium's price just above $4,500.

Very good long term opportunity indeed for patient investors.



See our previous 1,367 target on the Palladium/ Gold comparison:






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