Gold promoters’ selective thinking Can you imagine if gold got clobbered by 7% in a day? It’s an attack! The cabal is at work here! It’s JPM and those rotten Banksters, I tell you! Hold the fort my Comrades in Golden Arms! They are just trying to scare you out of your positions! Can you imagine if gold took the type of hit that Palladium … Continue reading Palladium: it’s a conspiracy, I tell you!
Metals Commitments of Traders are contrary bullish The gold price chart is looking bad technically. But the gold CoT alignment, especially where the little guy (blue) is concerned, is contrary bullish, or at least constructive. Charts from CotBase. Silver CoT is in great shape, while the silver price chart err… isn’t. There are long-term support levels (not shown on this chart) we are using, however, … Continue reading Bullish CoT data on precious and non-precious metals alike
Palladium price is bouncing to resistance In a previous post on March 4 it was noted that I’d sold half of my Palladium position. I subsequently sold the rest while FOMO’ing that I could miss more upside. Well, I didn’t. I missed massive downside as the war noise came out of it. Market psych, you gotta love it. I consider Pd to be part of … Continue reading Palladium at a key level
Platinum joins its bullish fellow PGM, Palladium [edit] Solid profits now booked on all ‘paper’ bullion vehicles. Bird, meet hand. The Platinum price is making a move to try to keep up with big bro Palladium as it attempts a daily chart channel buster. Last week I cut my Pd position back to be roughly the size of my Pt position, leaving silver of all … Continue reading Platinum: “Me too!” [w/ edit]
As Palladium continues upward… I am trying to walk the line between commodity bull and risk-o-phobe. Therefore, as I looked at PALL with a question of ‘to sell or not to sell?’ in my head, I did both. I sold but did not sell all. For now, just half is sold to cut the position back down to size. Excellent profit taken but still in … Continue reading Palladium; profit taken on half position
The bullish window (on average) is closing for metals Of these metals I hold gold (not in ‘paper’ form) and silver, palladium and platinum (in paper form) and copper (in my walls). Is it different this time or will the seasonal average exert for some or all of these metals? There sure is a case to be made for ‘different this time’, given the intensifying … Continue reading Precious & industrial metals seasonal (from NFTRH 695)
How about those PGMs? There are some commodities I struggle with (e.g. crude oil, because I am hype and politics averse) and others I do well with. Palladium and hopefully Platinum are in the second category so far in 2022. We had an NFTRH+ update on Palladium on Jan. 7, noting the long-term support that Pd had tested after we’d had it on watch for … Continue reading Palladium & Platinum
Palladium, outstanding CoT and Seasonal After having previously reviewed the positive seasonal aspect for Palladium (along with other metals, see below), NFTRH 690 presented (by way of CoTbase) the following CoT situation, which was in a no-brainer, contrary bullish setup at the last reading. Palladium looks really good. Specs were way too long at the top and Commercials were very short. Today it is the … Continue reading Excellent Palladium CoT joined a positive seasonal average
As noted in the Trade Log, I added Palladium fund, PALL. The reasons are as follows. First, is the positive seasonal aspect that we reviewed last weekend in NFTRH 687. Second, the CoT structure, which shows Commercial traders, very short at the top, now very long and of course the large Specs doing the opposite. Now check out the little guy with ZERO interest and … Continue reading NFTRH+; Palladium
[edit] Arrgh, and of course it’s up another 5% this morning. Palladium futures bounce 11% today I added a sizable chunk of PALL a couple days ago, ready to hold for a while, endured one day of FOMC day volatility (got to love the machines) and today unloaded on the big bounce. Said bounce came from the support level we began noting in NFTRH last … Continue reading Profit taken on Palladium bounce [w/ edit]
Different short-term conditions among the metals As the macro tries to sort itself out with respect to the near-term play being inflation (good for some things), deflation (bad for most things) or Goldilocks (good for some other things), commodities, which would obviously prefer Thing 1 are all over the map, doing the Whack-a-Mole thing they often do (as I picture large traders and machines roving … Continue reading Metallic Commodity Whack-a-Mole
Palladium is another headline commodity in crash mode. This is the Whack-a-Mole market brought to you by the Federal Reserve’s regime of Inflation onDemand. One gets smashed down, another pops its head up. Hedgies and machines rove the commodity patch pumping one (e.g. Uranium, although if a trusted source is correct there’s manipulation in there by our friends up north, Sprott) and dumping another, PGMs … Continue reading Palladium is the new lumber, it’s Commodity Whack-a-Mole
Palladium ETF tanks to fill a gap The Palladium ETF (PALL) filled a gap that kept me from buying it in March (the metal sported the same gap), causing me to miss out on big upside. Now? All gone. Big upside was just inflationary fairy dust. Questions: Is this a guide for other commodities? Is this an opportunity to buy for the next round of … Continue reading Palladium ETF fills the gap
Today is a bit of an anti-inflation, anti-value, pro-growth whiff as Tech stocks out-perform and long-term yields (but not the dogged yield curve) back off a bit. Also, there is this cyclical indicator. The Palladium/Gold ratio should probably hold this support area if the macro is going to comfortably continue a transition to inflationary. For “best of breed” top down analysis of all major markets, … Continue reading Palladium/Gold Ratio
