A Palladium Prediction Of $5000 By 2020, Possible Or Not?

Our palladium forecast 2019 published 4 months ago had this palladium price target of $1375. It got hit last week, in a blow off top fashion. The million dollar question is “what’s next”? We see two possibilities: either a major top was set last week (bearish scenario) or a new raging bull market that will bring palladium ultimately to $5000 by 2020. You read this correctly, and we are very serious that this is a realistic palladium price prediction for 2020: a 3.5x fold rise in the next 12 to 18 months.

We did provide quite some coverage on palladium lately, and it is quite unusual to talk about this precious metals so often as it only appeals to a very small group of investors. Still, this palladium prediction of $5,000 for 2020 will be appealing to many investors.

The reason we give it so much coverage is because of the opportunity we sense. As said 100 investing tips markets work in an asymmetric way: they offer a small number of opportunities which have abnormal returns. This is one of the investing tips from our list of 100:

 This cyclical nature of assets and markets results in 2 mega opportunities per year, on average. What happens when applying the investing tip ‘less is more’ to the ‘2 mega opportunities per year’ tip? It pays off to be patient and invest only a part of your capital. The prerequisite, of course, is that you are able to spot those exceptional opportunities.

In order to capture these mega opportunities it requires reading the charts on the different timeframes correctly, but also identifying when an acceleration of the bull market takes place vs. the end of the bull market.

A Palladium Prediction Of $5000 by 2020: Bull vs Bear Market

We said in our palladium 2 entry points article that there are 2 crucial price points on the daily palladium chart: First, the $1270 area is the most obvious point of retracement. It might be an entry point but only provided support holds strong there. If it doesn’t we are looking at $1055 as the second potential entry point.

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