Years go by, we trade with our assets of choosing and rarely look for the new assets. We already know what we have to know about the markets – what more do we want? And suddenly there is an asset that is going crazy. It is growing at a horrific pace and is jumping beyond our imaging. And all that is lefty for us to do is bite ourselves because of it, as we have missed the train on the uptrend.

Does that sound familiar to you?

Well, it sure will if you have been following palladium chart recently.

Gold used to be the main precious metal. But right now palladium is slowly taking its place. I mean, it has already gotten a price of a winner. Even though right now the chart is looking a little bit lower, the metal is still ahead of the bunce with its almost $2400 per-ounce price.

But what gave palladium the powers?

Well, precious metals’ safe haven status for sure. Chinese virus spreading and getting more and more harsh is causing traders to flee to safe havens and invest into something that is sure to be far away from China and is sure to bring them wins and profit. So, here you go – palladium was a perfect fit for the requirements.

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