littleriver

Palladium is making a run.

NYMEX:PA1!   Palladium Futures
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This is a chart of palladium with some recent breaks to the upside highlighted and the palladium play PAL at the bottom. I would like to thank JR for showing me this play. Not sure this is the big one but a move north it is. Looking back crossovers in the MACD have usually lead to big moves in this metal. We have a crossover now and PAL is following with a breakout of it's own.

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Volume has died on this in the past couple days. Hopefully they buyers will come back.
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It got ahead of itself . Volume wasn't great at the start either. And on flags it is not uncommon to see a pullback on volume before the move up. I would like to see the price higher and tighter but watching closely to see what it does as the 10 EMA gets closer. I really would like to stay above that number but not a given. MACD still looking good for more to come.
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littleriver QuantitativeExhaustion
Thanks JR. Looking at both Platinum and Gold they appear poised for a move too and soon.
Each of them is painting what I would call dumpling bottoms( cups on a small scale). Gold painted what is close enough to a morning star for me today to be convincing a reversal is imminent. Platinum too is painting reversal signals in the sticks. They still need to be confirmed like palladium. If they make moves anything like palladium, it is going to get exciting in metals. How long lived they are is anyones guess.
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Just watched CNBC and everyone is bearish on gold and metals. Surprised but maybe not. I think temporary gold/metals low was today. I'll have to look at your dumpling bottom. I hope your right about the imminent low in gold/silver. I'm in heavy with miners and GLD/SLV. Looking for China Industrail results later tonight/tomorrow as a trigger.
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littleriver QuantitativeExhaustion
What should we be looking for in those number JR?
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anything near 0 would bump metals. IF we see a surprise +, look out


The Producer Price Index released by the National Bureau of Statistics of China is a measurement of the rate of inflation experienced by producers. It captures the average changes in prices received by Chinese domestic producers of commodities in all stages of processing (crude materials, intermediate materials, and finished goods). Changes in the PPI are widely considered as an indicator of commodity inflation. If the Producer Price Index increase is excesive, it would indicate that inflation has become a destabilizing factor in the economy, The People’s Bank of China would tighten monetary policy and fiscal policy risk. Generally speaking, a high reading is seen as positive (or bullish) for the CNY, whereas a low reading is seen as negative (or bearish) for the CNY.
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littleriver QuantitativeExhaustion
Thank you Jr for the education and link. Both are appreciated. I will be watching.
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Here is another important link.. metals often hit highs/lows and have volatile days when we reach last trading days.

http://mediaserver.fxstreet.com/Reports/27110bbc-2088-4a8e-9caa-4a40c21cc042/calendar_20130301080510.png
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