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Fifty-two hedge/managed money funds are facing big trouble in the metals market. What they are doing is taking short positions against the price of palladium in the futures market, and last week they even increased those positions, according to the commitment of traders report released last Friday.

Palladium has made a double bottom and I own the PALL and am happy to see it go up. On Thursday it went up, and on Friday it went up with a 2.91% gain, and then on Monday it went up another 2.61%. I sent out a buy alert on the PALL ETF on Thursday to WSW Pro members.

Palladium has formed a stage one base, after having been in a bear market in 2022 and 2023. To short something two and a half years after the last bull market top is crazy. These funds must be solely using some price trend trading bot or “AI” system that is looking at very little real world information. All bots are good until the trend changes and then many of them blow up accounts.

The $1000-$1050 level is now the key long-term resistance point on palladium and if it goes through that these funds will start to really suffer. That $1050 mark is around $95 on the ETF.

On Monday the ETF closed right on its 150 and 200-day moving averages.

All the ingredients for a short squeeze are there, while the institutional big money palladium producers and merchants are net long palladium, even increasing their positions in the latest report.

The tough money is made in daytrading and trying to jump in and out of something.

The big money is buying something at the start of a bull market, like gold and silver were doing a few months ago, and having a position that is not so big that you end up getting shaken out on any dip, so you can hold it.

Remember when silver was below $26?

And now palladium has the setup to make that same transition into a stage two bull market. Palladium $1050 is like the old silver $26 resistance level.

The hedge/managed money funds shorting more of it now are crazy.

A strong metals market is good for metals stocks.

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And…..

I sent out a buy alert on the PALL ETF on Thursday to WSW Pro members and I still am holding the ETF, very happy, to see the great entry point work out so far. For WSW Pro members I even wrote about another palladium miner that I own before the opening bell on Monday.

This is it.

If you are not a Pro member now is the time to sign up to get my next trade alert, and save money, because the price is going to jump by 57% in just a few days.

To do that just go here:

https://wallstreetwindow.beehiiv.com/upgrade

-Mike

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