Industrial Metals Outlook: Why I'm Adding Palladium Again
This is my second attempt to enter palladium. I believe industrial metals currently have a strong chance to move higher.
Yesterday, the DXY saw a sharp rise. It's worth noting that the dollar index often moves inversely to the commodity market — not for all assets and not always, but for palladium, this inverse relationship tends to hold. That’s why we saw an emotionally driven move to the downside.
However, nothing has fundamentally changed. The outlook for industrial metals remains positive:
Trade tensions are easing,
Geopolitical stress is subsiding,
This creates a window for potential economic recovery — or at least market expectations of one — which in turn supports demand for industrial metals.
Also, note how quickly silver was bought back, with a small positive close on the daily chart — another encouraging signal.
I find it reasonable to add palladium to my portfolio, and continue to hold silver as well.
❗️Friends, this is important!
My expectations are just that — my own expectations. Things can always go differently. That’s why I use stop losses and control my position size — to make sure that any mistakes I make don’t harm my capital.
Let me repeat: capital is the most important asset we have.
Protect it, preserve it, take care of it — and treat it with respect.
source https://www.tradingview.com/chart/XPDUSD/wG1gMZjG-Industrial-Metals-Outlook-Why-I-m-Adding-Palladium-Again/
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