Seems outlandish, just from a pattern perspective

22 thg 9, 2022

Fundamentals of Pt vs Pd history would project that industrial users switch to the lower priced commodity since they offer relatively the same physical properties (i.e., Pd $2100 v. Pt $900). Now add the long-term Elliot Wave chart pattern and the electrification narrative and there certainly can be said that there is a confluence of indicators. I know the wave analysis results in a crazy high Pt spot, but we have seen crazier scenarios play out.

22 thg 9, 2022

Ghi chú

Of course, I was tempted to ignore the 2008 crash and draw only two waves on the chart, anticipating that we are only at the beginning of the largest Wave-3 currently. Either way, hold on to your hats if this is anywhere close.