The markets are trying to figure out what is really happening in the PGMs. The active palladium future closed friday at $1354, up almost $45 after big selloffs from north of $1600. July platinum closed at $853.4.
The market is still missing the "secret key" that I discuss in my eBook to why it is time NOW to establish a platinum position. Yes, I remain bullish on the entire PGM complex, including palladium, expecting a massive rerating, for some very simple reasons. I do respect the inscrutability of the markets; understand the market doesn't perform to "my" timeframe but marches to its own drummer; and know that markets rarely move in a straight line.
Still I am bullish and long platinum, which has a very favorable risk/reward profile: downside is quite limited, and upside is ... lets modify the same word ... unlimited. So "Batter Up!" I think there are a series of perfect pitches that should be used to get on base.
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