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Invest in Precious Metals With Palladium ETF
When most people think of precious metals, they think of gold and silver since these are the most popular metals that are used for coinage and jewelry. In recent years gold and silver have also become popular with investors and traders since the advent of ETFs.
Palladium is a precious metal used to make white gold, and it has industrial qualities like gold and silver, but it is not quite as popular. Like gold and silver, palladium can be traded on the futures markets, but there is also an ETF with the symbol PALL. Keep in mind PALL only averages approximately 120,000 shares a day so this is not the best intra-day trading ETF.
PALL has steadily been rising and it’s approaching a prior resistance level. Any breakout from here and the path of least resistance will be higher. Why is the path of least resistance higher? There hasn’t been any recent buying up above this price level for many months, where holders of PALL might have been looking to sell and get their losses back. That would have been potential supply that demand would have to absorb, putting pressure on price. There has been strong demand, and that can be seen by the rising trendline off the lows in October 2011.
Read More: http://www.forextradinganalysis.us/invest-in-precious-metals-with-palladium-etf
