Opinions
Jon Vialoux
ETFS Physical Palladium Shares
PALL-N
COMMENT
Jun 28, 2017
$82.060
Stock price when the opinion was issued
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Metal stocks tend to do well through the Nov-Dec timeframe. Palladium benefits from the pickup in industrial production, even through the first 4 months of the year. The trend is certainly positive with higher highs and higher lows, but it is reaching the upper limit of its trend channel, so don’t be surprised if there is a bit of retracement. Industrial production tends to fall off quite significantly in July, because all the factories shut down.