JBmurc
28-02-2020, 10:10 AM
Palladium has been in an unprecedented super-cycle for more than three years and even industry CEOs agree there’s a bubble.
In 2019, China accounted for almost half of demand growth in the sector.
The coronavirus has led to a crash in auto sales, which I think could lead to a drop in demand of around 120koz in January and February combined.
https://seekingalpha.com/article/4325270-coronavirus-and-palladium-bubble
Currently SHORT Palladium $2781oz --
In 2019, China accounted for almost half of demand growth in the sector.
The coronavirus has led to a crash in auto sales, which I think could lead to a drop in demand of around 120koz in January and February combined.
https://seekingalpha.com/article/4325270-coronavirus-and-palladium-bubble
Currently SHORT Palladium $2781oz --