PALLADIUM - Analysis.Over 50% of PALLADIUM supply (and its congener, PLATINUM) is used in catalytic converters,
These convert up to 90% of the harmful gases in automobile exhaust (hydrocarbons, carbon monoxide & nitrogen dioxide) into less harmful substances such as:
nitrogen, carbon dioxide and water vapor.
Helpful information about PALLADIUM vs PLATINUM in the car manufacturer market:
seekingalpha.com
As a primary metal for the automobile industry, particularly in the USA - I believe it's accurate,
To say that PALLADIUM is providing a historical evaluation of economical progress in the United States.
The main methods of transport (Cars, Trucks, Tractors, etc.) are huge driving forces behind active commerce.
Manipulated markets (E.G. Dow Jones, S&P500) do NOT provide correct valuations regarding economical progress,
To my knowledge, PALLADIUM adjusted to natural fluctuations as they should appear (without FED interference).
Based on bearish sentiment, I expect PALLADIUM to drop to $1,100 & below (alongside #DJI),
This is roughly 50% from its previous fibonacci support level as shown in the chart above.
Upon further decline, our estimates for opportunities can be more precisely measured:
i.pinimg.com
Bull Trap has been displayed - Entering return to "normal" phase:
static.seekingalpha.com
