Published on: February 26th, 2019 • Duration: 18 minutes • Asset Class: Commodities • Topic: Trading
Michael Purves, chief global strategist at Weeden & Co., outlines his bullish outlook on palladium. He makes an interesting comparison to silver’s action in 2011, and outlines the key levels to watch, in this conversation with Brian Price. Filmed on February 25, 2019.Comments
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CRThis is a fantastic video and so much background information. Very comprehensive
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PPSeptember 2016 RV had Dwight Anderson interview talking EVs, and from “death of diesel” a long Palladium vs Platinum trade. This pair is now 2-3x a winner. Lots of wisdom to be mined in older RV interviews.
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SSIt will get squeezed to 2-2.5k ;) just remember this is duopoly of a bi-product!
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KDThis broadcast couldn’t be less timely in my opinion. Palladium has had a huge run. The next move in palladium is like to be down or sidewise. Meanwhile platinum (it’s sister metal) is still dirt cheap.
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ACHmmm. I am also disappointed he didn't see Nth American Palladium as a great way to play this. I have a position in PDL currently at 3x profit. Is this the sell signal I've been waiting for? Maybe, but PDL is still a profitable company (after its bankruptcy) even if palladium itself falls. The mess that South Africa is becoming is another bullish sign for the longer term. Am I that good of a trader I can get out now and get back in after the palladium bubble pops? I've got a winner, how far to ride it? Suggestions please..... (I think a great subject for RVTV to investigate, Brian: when to close out winners)
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LSThe fact that this video came out is a pretty good sell signal.
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smThere's a palladium mine in canada (fully functionnal !!) called NORTH AMERICAN PALLADIUM LTD (PDL-T). I bought it in novembre... So Michael do you need some help for your research?!??! By the way, the risk/reward is really poor right now and I see a lot of palladium story on TV right now...
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JSHe's six months late with this trade
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PMIs there a way to short it?
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KAThe guy is not sure what he wants to do himself
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HJOk this not an idea worth spending a lot of time or cash commitment. Nice way of saying nope. Waste of time.
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DPWow someone catch this metal now when topping is shaping
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BCthe commodity is up 83% since august of 18. up 220% in the last 3 years. basing my investment thesis 10 years post recession on demand for autos doesn't seem like the best idea in this case. if today's candle holds, could very well mark the top... just my opinion.
