We all know the story of the 3 little piggies who got chased by the Big Bad Wolf. The Big Bad Wolf, hungry and ever ready for a good meal, approached each little pig's house and from the depths of his longs howled out
"Little pig, little pig, let me come in."
"No, no, by the hair on my chiny chin chin."
"Then I'll huff, and I'll puff, and I'll blow your house in!"
The first little piggie's house was made from straw and the second made from twigs. Both were easily blown away and each little piggie made a scrumptious meal for the nasty wolf. But when he got to the third little pig's house, it was made from brick and thus impossible for the Big Bad Wolf to blow away.
Now what most people are completely oblivious to, is the story of the 4th little pig. This 4th little pig was the oldest and wisest of the little pigs and had decided to make his house out of palladium. Not only was it made from a precious metal worth it's weight in gold (or thensome) but that metal also had numerous industrial uses such as creating a nice little home, or in this little pig's case, a palladium teepee. You see this little pig had encountered the Big Bad Wolf before and knew he was going from little piggie to little piggie blewing down houses. So, when it came to building his own house, he thought to make it a teepee, a come structure coming to a tip thus slicing threw the wolf's monstrous wind pipes. Well since his idea was so successful, he built a second palladium, even bigger and stronger than the first.
This is one of my first attempts at technical analysis. After having watched gold and silver for so long, Palladium and it's rise all the way up to the "gold standard" that is gold, caught my attention. Found this fractal. Target at about $132
"Little pig, little pig, let me come in."
"No, no, by the hair on my chiny chin chin."
"Then I'll huff, and I'll puff, and I'll blow your house in!"
The first little piggie's house was made from straw and the second made from twigs. Both were easily blown away and each little piggie made a scrumptious meal for the nasty wolf. But when he got to the third little pig's house, it was made from brick and thus impossible for the Big Bad Wolf to blow away.
Now what most people are completely oblivious to, is the story of the 4th little pig. This 4th little pig was the oldest and wisest of the little pigs and had decided to make his house out of palladium. Not only was it made from a precious metal worth it's weight in gold (or thensome) but that metal also had numerous industrial uses such as creating a nice little home, or in this little pig's case, a palladium teepee. You see this little pig had encountered the Big Bad Wolf before and knew he was going from little piggie to little piggie blewing down houses. So, when it came to building his own house, he thought to make it a teepee, a come structure coming to a tip thus slicing threw the wolf's monstrous wind pipes. Well since his idea was so successful, he built a second palladium, even bigger and stronger than the first.
This is one of my first attempts at technical analysis. After having watched gold and silver for so long, Palladium and it's rise all the way up to the "gold standard" that is gold, caught my attention. Found this fractal. Target at about $132