Open Trade Alert: PALL
PALL tracks physical Palladium. The price of automobiles has skyrocketed leading more consumers to repair their used cars as opposed to purchase new ones. One of the most commonly repaired car parts is the catalytic convertor which uses large quantities of palladium. Palladium is a thin market capable of strong price moves in a short period of time.
Our system is identifying a major low for palladium with potential to double into December like many other commodities which have enjoyed the benefits of inflation. Palladium has not yet seen its surge. We plan on holding this position into year end.