I made good profits with this in a short time swing trading this etf. I loved it. Why mess with bitcoin crypto or even gold when I can make money with this.. Anyway. Now its in a bear trend and looking to get back into this etf if it shows some promise. As you know the prices for Palladium and Platinum have skyrockted and have done even better than gold ....
Thesis: Russia/Ukraine tensions threaten to disrupt the global supply of Palladium- a precious metal used to produce semiconductor chips. Small chip producers, particularly in smaller countries like Taiwan, companies may not be able to get their hands on enough supply. Palladium prices may increase if that happens....Plus, from a TA perspective...check out the...
AMEX:SPPP gave me a scare this week when the stock plummetted, but it seems it will likely make a full recovery and continue its bull run, at least in the short term.
The price of palladium and platinum are based on two things: supply & demand. However, it is more complicated than that. There is also market speculation on supply and demand which is often seen...
