2Mon·

Sorry guys for the spam. Fomo is just too strong right now 🥴

attachment
12.11
Invesco Physical Palladium ETC logo
Bought x6 at €85.50
€512.97
8
16 Comments

profile image
Why don't you at least wait for a short-term bottom? The RSI alone is not really meaningful either.
1
profile image
@DerAzubi the bottom has been forming since the summer 😁 I trade according to clear parameters, target zones and DCA, which has also proved to be a successful strategy so far. In the end, everyone does it differently 😎
profile image
@Dirty30 My mistake, I didn't look at the time span, it's only just under half a year. I'm with you on the bottom formation, which has even been confirmed in the short term, but now there's another setback to the lower end of the zone. Could definitely have potential. I have nothing to do with commodities, so I can only assess this from a technical chart perspective. Good luck! 😁
1
profile image
@DerAzubi Thank you. I also opened a tranche in the summer due to bullish divergences on a weekly basis. I always find such large timeframes very meaningful. They say that the larger the timeframe, the more meaningful it is.
1
profile image
I have also been watching palladium and platinum for many years. Unfortunately, I don't see the specific investment case at the moment.
Both are quasi industrial metals that are mainly used for catalytic converters. However, the market for fuel vehicles has a problem at the moment. And probably will in the foreseeable future. Where will the demand come from?
Maybe I'm missing something...
1
profile image
@Epi could also have something to do with inflation or the decline of the dollar. Shouldn't commodities rise massively if the dollar falls?
profile image
@Epi That was this chart here https://i.postimg.cc/QxK4L11p/usd1.jpg If HKCM's steep thesis that the dollar is losing so much value proves to be true, everything else should automatically appreciate. However, I'm not a professional on the subject. I may also be drawing the wrong conclusions.
profile image
@Dirty30 In principle, it is true that raw materials usually become more expensive with a USD drop. In concrete terms, this is often much more complicated. For example, the chart shows EURUSD. What if both fall and the euro strengthens? Or: a falling USD usually has economic reasons, which also have an effect on commodity prices, so that the correlation is not always so clear. Or: if you want to speculate on a fall in the USD, I would do so directly and not via the detour of a commodity that is difficult to understand.

But who knows, maybe you'll get lucky!
1
profile image
@Epi thank you. the AI has just told me something similar 😁 that the connections are sometimes very complicated. So I'm even more excited to see what the future holds, as we can learn something new again.
1
profile image
@Dirty30 Well, if the AI says so too... 🧠
1
profile image
I've put it on the watch to build up some raw materials in addition to $YCA.
Thanks for your contributions
1
profile image
@Der_Dividenden_Monteur very good 😎 I have also heard of yellow cake. I think these values and also UEC will all behave similarly.
profile image
Why palladium?
profile image
@GGHyperX the thesis of a cyclical entry near the bottom. I also described this a little further down on the palladium page. Another factor is the thesis of a medium-term return to real values, i.e. commodities, etc. I have therefore already opened initial positions in oil, palladium and uranium. Now you might ask, "why no gold and silver?" My answer here would be that I see more potential in the others mentioned or that gold and silver have already performed well, while palladium is still bobbing around somewhere at the low in cyclical terms.
1
profile image
@GGHyperX and why did the value fall by 10% within the week? If the prospects are that it will return in the medium term in your opinion?
profile image
@GGHyperX Nobody will be able to tell you that. But you often see this with shares and nobody knows what the fundamental reason for sell-offs is
Join the conversation