2021-04-30

Palladium Signals Top at $3200

Right before markets finally realized coronavirus was a problem, there were assets signaling the market was stretched. One was palladium. Palladium's Pendulum: A Third Top in Time and Price? Adding to the running theme of a 2000-like top, the chart of palladium bears some resemblence to the 1998-2000 version. Palladium would hit resistance at $3200 an ounce.
Maybe this time is different and inflation is only geting started. Plenty of charts such as tech stocks, for example, have blown through resistance. But if not, the market is getting close to its top.

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