so no joke I'm trying to do the
cold-open and compare palladium to the
honey badger and I'm trying to do it in
the voice of the guy who does the honey
badger video but I can't finish it
because I keep laughing 8 takes now so
I'm done we're moving on many things but
professional at video making is not one
of them welcome traders it is the
palladium video and it is the last of
the metals we will be tackling in this
metals series and it is part of a series
for those who don't know so if for some
weird reason you were you stumbled upon
this channel just now because you were
looking for a video on how to trade
palladium good news bad news good news
is very few of those videos it exists
and so you finally found one bad news is
is it's not gonna make a whole lot of
sense unless you watch the rest of this
playlist but what's also good news is
you're gonna learn how to trade all of
these other metals and learn how to do
it our way but then the bad news is the
way we trade metals also keys off the
way we trade spot for X which is about
another 110 videos you would need to
watch to learn how to do that but then
the good news is is if you go ahead and
do that it is a course unlike anything
you've ever seen before it's been
changing the fortunes of thousands of
traders around the world so you could
really do worse so either way welcome
but do not start with this video please
start at the beginning with a supply and
demand video and work your way forward
now it is apropos that we end with
palladium because palladium is the most
expensive and of all four of the spot
metals we trade well it's not always
that way but it certainly is now so now
the new flex is to where palladium I
guess
because now you can actually buy bars
and coins for a longest time you
couldn't do that but this sucker just
kept going up and up and up and got
to the spot metals family a while back
and it has been a really great thing to
have my bottom line and my metals
account wouldn't look anywhere near what
it does if it wasn't for palladium so
let's jump into it the specs on
palladium there's not really a whole lot
to talk about this should probably be a
pretty short video because a lot of
these things run parallel to platinum so
it is the most expensive of the four
metals that we trade here it quadrupled
almost quadrupled in value since 2016
now think about that while all these
other metals were stagnating we finally
saw a run-up come this past summer 2019
but it wasn't a really big run-up to
where this thing was doubling itself and
then doubling itself again in the span
of three years pretty darn good we're
gonna talk about why but as far as what
it's used for a lot of things that
platinum is used for I'm not even gonna
show you a supply chart I'm plating
because it looks a lot like platinum
it's one of those things you can't
really mine on its own you can but it's
not normally that way usually tags on to
other mines like silver and nickel
things like that it's also mostly mine
in South Africa a little bit of Russia
but that last line right there for
gas-powered vehicles is the key platinum
is mostly used right now for diesel to
wear palladium is used for non diesel
gas-powered cars in particular it is an
element that you absolutely need if you
want to help reduce the pollution that
those cars put out so can anybody guess
know and knowing what you know from
what's been happening this entire decade
especially from 2016 on who might be
responsible for palladiums run-up for
palladium quadrupling itself in the last
three years
you know it's China crazy
industrialization going on but crazy
pollution also going on on top of all
the new factories they also have a lot
more cars than these two have used to be
mostly bicycles now it's mostly cars so
they will do whatever they can to get
the
down on those cars and you need
palladium specifically for that purpose
so supply pretty much the same as
platinum demand mostly what's going on
right here with China but that's fine
with me
that has given us a beautiful run-up and
something to trade that not only moves
but moves very independently from the
other metals we trade let's go take a
look so here we are on gold we always
start with gold so I can show you the
relationship between all these metals
now the red line I drew was the very
first of October is October 23rd as I
record this video and you can see gold
has not given us very much to trade with
we are trend traders we need far more
than what gold has been giving us which
is kind of a shame you know I told you
guys to go ahead and start testing and
trading in the month of October and
these metals just haven't really given
you anything up but that's fine you
should probably still be back testing at
this point but anyway silver not much
either arguably worse if you look at it
so absolutely nothing there platinum
just popped today but honestly I would
have been long right here I mean that's
you should not be trading with volume
like this I don't know how many of you
are actually in that trade
congratulations if you were I guess but
a whole lot of nothing for most of
October where if you look at October for
palladium nice little run a bit gave you
didn't it it could have been part of a
trade you were already in could have
been part of a continuation trade could
have been a lot of things but you see
this really nice movement on palladium
and really this is the type of movement
we have come to expect it is one
beautiful son of a gun so what I did is
I also put up weekly charts and zoomed
out so you can really kind of see even
on a more zoomed out view how different
this thing moves compared to the other
metals so you have gold on the weekly
this goes all the way back to the
middle of 2015 so you see that silver
pretty different than gold actually even
though I will say day to day you see a
lot more similar movement and then
platinum which actually looks more like
silver than it does gold from a very
long-term perspective but you guys won't
know this until you start trading it but
what I've been saying this whole time is
going to hold true you're gonna see
silver and gold run together quite a bit
and you're gonna see platinum stray off
a lot but the honey badger palladium
does not care it just couldn't care less
what is going on with its other metals
it just does what it does all the time
and we love it because it trends a lot
and we can get in it and even their
areas like this you know there's plenty
of money to be made on that nice big
long retracement as well be careful when
you see these sharper ones of course but
then again we don't really trade the
weekly chart here with metals you
certainly could it's probably the second
best char to trade next to the daily
probably better than trading the weekly
on spot forex to be honest but I do feel
like the daily chart is superior here so
I didn't really make much of a slide but
really what you want to do here is treat
it even more like the way you treated
platinum Tory Dahiya said you can trade
platinum completely independently of
silver and gold you can trade palladium
completely independently if all three of
those metals and I don't even think you
have to worry about interest rate
decisions with the US dollar like I
haven't even seen palladium blink an eye
when this happened maybe for a short
while but if it was trending one way and
an interest rate decision made it cut
the other way it just continued going
the way it planned on going the whole
time it just does not care now from an
investment side should you purchase
palladium I don't know I mean it's at
its highs but at the same time it was at
its highs here and here and probably
back here somewhere
so I really have no idea but I can say
this I have really enjoyed this ride up
until now and I would hate for attend
anytime soon
but maybe if it does then it'll crash
and we can just ride it all the way down
who knows
yet to be seen but that's the that's the
fun part about being in the metals game
and getting to know these things the way
we do and I hope I've been able to share
my enjoyment with metals trading with
you throughout these last six weeks and
I hope the enthusiasm has spread I hope
you guys are getting on it now because
this is really a great thing to know and
follow you know then the rest of your
entire trading career I mean just
fascinating to me and I hope some of
that fascination has sparked in you as
well
so in conclusion palladium is the honey
badger palladium just doesn't care but
that's great news for us because now we
have yet another instrument that we can
trade completely independently of not
just gold and silver but gold silver and
platinum so trade it like those metals
don't even exist like you're not even
trading those metals don't even worry
about what they're doing what the United
States dollar is doing because it just
does not affect palladium at all this
could change down the road but it hasn't
made a difference for years now so
monitor the situation and if you know
the overall climate changes then adjust
to it but for now we're getting a free
ride and we should take advantage of
that as much as we possibly can and hey
the metals portion is over with we are
going to extend this playlist into the
other markets that we're going to talk
about but you can go trade all the
metals now you know exactly what to do
and I wish you the absolute best now for
those of you who are just seeing this
for the first time I told you you are
going to be a bit confused as to what
we're talking about but that's okay if
you like videos like this and you'd like
to know what we're talking about coz I'm
telling you it's a great thing subscribe
hit the bell lots going on still we have
other markets to talk about we have a
few other videos coming up before the
material ends overall we have a blog
that no nonsense Forex comm we have a
podcast with a new episode coming up on
Monday so many great things to look
forward to still traders
but for now you know what to do put that
metals algorithm together get to trading
it make it so you were achieving the
same results you are with spot for X if
not better but none of these great
things gonna happen unless you put your
head down put the work in be relentless
and go get it