Palladium has touched the dynamic resistance and might retrace from here though the impulse is very strong, hence it might retrace just a bit and continue the uptrend backed by the weak US Dollar due to the Stimulus bill.
Platinum bull market will look to begin in the next 6-8 months based on past performane when this ratio breaks higher from a bullish downward pointing wedge. Once this occurs a platinum bull market usually follows. Watch with anticipation and it would be prudent to prepare for some platinum purchases in the next few months.
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This if the first week in nearly two months for precious metals to close with a negatively weekly price performance.
- The recovery of US Treasury Bonds yields alongside a strengthening greenback...
Recently I posted on PALL a stock that buys and stores palladium (see link below). But when looking at the palladium futures and the price action since the first posting I think is today's posting may be more likely.
Process your way.
I favor we are now in a consolidation triangle. Often (not always) there is a Fibonacci relationships between the legs. In this case the '"c" on the daily chart is .5 x a. If e is .5 x c then we get the top of the target chart given. When the target area is reached and we get a price action sign of possible reversal I will go long.
Notice the positive reversal...