A Precious Metal (Other Than Gold) That's Poised to Double

Sentiment is at its most bearish level yet for one precious metal. But history shows it could finally be on the verge of a turnaround... [Stansberry Research Logo] Delivering World-Class Financial Research Since 1999 [DailyWealth] A Precious Metal (Other Than Gold) That's Poised to Double By Brett Eversole --------------------------------------------------------------- Sometimes the crowd gets it right... Contrarian investing is a powerful tool. Often, the consensus view is wrong, and the masses are all making the same mistake. When we learn to identify those setups – and invest accordingly – we can sniff out incredible opportunities that everyone else is missing. It's not foolproof, though. At times, the crowd might be right instead... Or it might take so long for the contrarian view to work out that it may as well have been wrong. That's the situation with one precious metal in recent years. Prices crashed... and then crashed some more. Along the way, investors became the most bearish they'd ever been before – and then, they got more bearish. The crowd has been right so far. But now, sentiment is at its most bearish level yet – right as prices are beginning to reverse. And as I'll explain, history shows this precious metal could double as a result. --------------------------------------------------------------- Recommended Links: [Until Midnight Tonight: 'Prepare Now: A New, Rare Crisis Looms']( The last time this rare type of crisis hit America was more than a decade ago. During that period, Porter Stansberry and his team of analysts used an obscure investment vehicle to deliver 40 winning recommendations. Porter now says in the aftermath of this new crisis, a rare window of opportunity will once again open for the first time in a decade. To get the names of the investments Porter is buying to capitalize on this imminent financial event, [click here before midnight tonight](. --------------------------------------------------------------- [Obama's 2024 Surprise: His Secret Plan to Finish What He Started]( The ONLY way Democrats can keep the White House is to bring back Barack Obama. And there's a sneaky (yet 100% legal) way to achieve this. In fact, this scenario is already underway. See what they're up to and how you can get ready today. [Here's the full video exposé](. --------------------------------------------------------------- This situation isn't new. It has been underway for years. In fact, we discussed it here in [DailyWealth]( last month. I'm talking about palladium, an often-forgotten precious metal. Palladium doesn't have the same name recognition as gold. It's mostly an industrial commodity. You probably don't think about it very often. But the metal has been on a wild ride over the past few years... It soared nearly 600% from its 2016 bottom to its 2022 high. Gold was up just 89% over the same period. Clearly, though, palladium got ahead of itself during that boom. The metal has fallen as much as 73% since the 2022 peak. And now, investors want nothing to do with it... We can see this by looking at palladium's Commitment of Traders ("COT") report. This measure looks at real-money bets in the futures market. And the COT for palladium has been dropping lower and lower in recent years. Take a look... Again, this has been happening for a while now. The COT has hit new "worst ever" hated levels repeatedly. And it just hit a new low earlier this year. More important, though, these setups have led to massive gains for palladium over the years. You can see it in the table below... Contrarian investing doesn't always work. But the results are darn good when it does. And in the case of palladium, we've seen prices more than double after hated setups like today's. It's worth noting that palladium hasn't had a major rally since the 2022 crash. And sentiment has kept hitting worse levels in recent years. Now, though, we could finally be on the cusp of a larger move higher for two reasons... First, the COT has started to rally from the February lows. It has broken above the lows of 2023. That means sentiment could be slowly turning around. Plus, palladium prices are rising. They're up 10% off their February low. We haven't seen palladium prices and sentiment rebound at the same time like this since the crash began in 2022. If this is the start of a true reversal, the metal could easily double from here. After a multiyear bust, palladium is finally showing early signs of life. So if you're interested in a contrarian opportunity, this precious metal is worth considering right now. Good investing, Brett Eversole Further Reading Gold is in the early stages of a major bull run – yet investors still aren't excited about the metal. That won't last forever, though. And that's why now is the time to consider owning gold – before the crowd changes its tune... [Read more here](. Normally, it's a bad sign when an asset hits "overbought" levels. That just happened with gold... But even though this rally has been running hot, the metal still has room to run. History shows double-digit upside is likely from here... [Learn more here](. --------------------------------------------------------------- [Tell us what you think of this content]( [We value our subscribers' feedback. To help us improve your experience, we'd like to ask you a couple brief questions.]( [Click here to rate this e-mail]( You have received this e-mail as part of your subscription to DailyWealth. If you no longer want to receive e-mails from DailyWealth [click here](. Published by Stansberry Research. You're receiving this e-mail at {EMAIL}. Stansberry Research welcomes comments or suggestions at feedback@stansberryresearch.com. 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