PDL: The Best Follower of the Palladium Bubble

Right now the precious metals are gearing up for a historic run, with Palladium already soaring to record highs.

One of the hardest part when something breaks records is its almost impossible to know where the top is, particularly in this case. Why? With a looming recession, precious metals are bound to soar - and soar parabolically.

PDL has incredible fundamentals with an excellent dividend and has a massive amount of bullish volume. Because Palladium is used mostly in catalytic converters and other forms of manufacturing/biomedical equipment and equipment in general and jeweler, I suspect Palladium will continue to run-up until we get closer to a global recession (which I deem mid to late 2020) before it retraces about 40% from its top peak (whatever it is).

I suspect PDL can get into the 60.00 range at-least over-time and Palladium could shoot into 2200-2400.00 range USD/oz before eventually retracing over-time and consolidating around 1300-1400.

Keep in mind over 70% combined of Palladium mining is in Africa and Russia which provides many of the Palladium miners exceptional fundamentals due to low inherent operating costs. In this case, this miner is of Canadian origin but the technicals, fundamentals and recent quarters (profits) have been stellar.

- zSplit