No. TO THE MOON!
Thank you for your time, goodbye.
But seriously, we have being going up for a while now, I think mainly due to supply issues, and after palladium became more expensive than gold, it has started to go parabolic.
We are pulling back now, right at that price that was gold complacency support.
I believe either the bubble will pop, or we are going to test gold all time high.
Now... If we go past gold all time high... Oh my. Brace yourselves, the FOMO herd is going to come stampeding.
Industrials NEED palladium, to build cars and other stuff doesn't even matter.
The sources are not exactly reliable: Russia and South Africa. that is it.
Everybody knows Russia, and you migh have heard South Africa was very uncertain...
If Russia ends up being the only source it's GG.
Right now the normy crowd could not care less, but if Palladium starts going into a mania, just wait and see how every one grandma asks about the white metal.
So I see 2 scenarios:
1- Industrials have been panic buying massively and we are going to end up with huge supply and no demand. Huge rapid crash.
2- South Africa will keep sinking into populism and banks nationalisation etc, Palladium demand will keep to rise, and at some point the mainstream FOMO crowd will hear about that precious metal that has been going up and up and up, and this time it will be different "Ye ok we messed up with Bitcoin but Palladium is a real metal and it is actually used in cars and very valuable and scarce so it is impossible we are wrong this time." Once the FOMO crows gets it, enjoy daytrading this +30% in 1 day...
Either way, probably going to be fun. Be ready. Keep your eyes on this before anyone else.
And remember, no matter how many hundreds of times the mainstream crowd was wrong, this time it WILL be different, they are 100% certain of it.
Thank you for your time, goodbye.
But seriously, we have being going up for a while now, I think mainly due to supply issues, and after palladium became more expensive than gold, it has started to go parabolic.
We are pulling back now, right at that price that was gold complacency support.
I believe either the bubble will pop, or we are going to test gold all time high.
Now... If we go past gold all time high... Oh my. Brace yourselves, the FOMO herd is going to come stampeding.
Industrials NEED palladium, to build cars and other stuff doesn't even matter.
The sources are not exactly reliable: Russia and South Africa. that is it.
Everybody knows Russia, and you migh have heard South Africa was very uncertain...
If Russia ends up being the only source it's GG.
Right now the normy crowd could not care less, but if Palladium starts going into a mania, just wait and see how every one grandma asks about the white metal.
So I see 2 scenarios:
1- Industrials have been panic buying massively and we are going to end up with huge supply and no demand. Huge rapid crash.
2- South Africa will keep sinking into populism and banks nationalisation etc, Palladium demand will keep to rise, and at some point the mainstream FOMO crowd will hear about that precious metal that has been going up and up and up, and this time it will be different "Ye ok we messed up with Bitcoin but Palladium is a real metal and it is actually used in cars and very valuable and scarce so it is impossible we are wrong this time." Once the FOMO crows gets it, enjoy daytrading this +30% in 1 day...
Either way, probably going to be fun. Be ready. Keep your eyes on this before anyone else.
And remember, no matter how many hundreds of times the mainstream crowd was wrong, this time it WILL be different, they are 100% certain of it.
