PLTM - Bullish On Palladium; Platinum Near-Term Positive But Potential Downside In 2020
Investment thesis
Invbots team believes that palladium will remain bullish in 2020. While platinum will stay positive in the short term, it faces downward pressure from 2020 onwards. Investors can consider taking long positions on both precious metals in the short term. This article will present the rationale of our prediction on both precious metals and explain their correlations with gold and S&P 500.
Palladium – strong demand from the automobile industry
Palladium is a platinum-group lustrous precious metal which has a strong demand from the automobile industry. Currently, around 85% of palladium is deployed