Platinum - Palladium Ratio at All-Time Lows and Bottoming
This commodity ratio cannot go to zero and its the closest to zero it has ever been.
This ratio has likely not hit its bottom just yet but this is a strategic time to be building exposure to platinum and reducing exposure to palladium.
Even with platinum having broken out of major resistance in the first two weeks of 2020, palladium may still have room to go higher which can continue to push the ratio lower in the short & medium-term, but long-term this is an extremely strong accumulation zone.
Look closely at the last time the platinum - palladium ratio was this low. Look at the bottom it formed when palladium topped out in 2000 and platinum bottomed out. Look how effectively the trendlines were respected.
Those watching this sector closely and that have the patience to invest during these quiet times will be handsomely rewarded.
This ratio has likely not hit its bottom just yet but this is a strategic time to be building exposure to platinum and reducing exposure to palladium.
Even with platinum having broken out of major resistance in the first two weeks of 2020, palladium may still have room to go higher which can continue to push the ratio lower in the short & medium-term, but long-term this is an extremely strong accumulation zone.
Look closely at the last time the platinum - palladium ratio was this low. Look at the bottom it formed when palladium topped out in 2000 and platinum bottomed out. Look how effectively the trendlines were respected.
Those watching this sector closely and that have the patience to invest during these quiet times will be handsomely rewarded.
