If You Are Interested In Platinum And Palladium

price action turning here against palladium, reversal today is not what you want to see, coming off a trendline bounce.

stay away from palladium for now until it can set up again.

in between long island iced teas and grilling, looking at charts, palladium, bounced hard friday off that trendline and trying with might to get back into those ranges,,, it even closed near its HOD, a sign of strength, good move up higher, you think gold and silver are hard to trade ..

BTW, what a tear Palladium is on, making more fresh yearly highs...

@Kg5

hey friend, yea could be, I havent had time to put much into charts, but next time I do we can do something with PALL which is a easier proxy for most folks to get some palladium exposure. This also illustrates another point of mine I have learned over the years- assets that have less eyeballs on them, in uptrends, that is to say less people following, less popularity, lest talked about, the less the general public and even financial community is aware of an asset in an uptrend, the stronger and more powerful it becomes.

Keep that bit of info in your mind when doing investments. I have had countless trades and investments that ripped higher and farther with very little exposure to traders or the public versus something that was still in an uptrend but widely followed.


SPeaking of which, Palladium continues with the hot hand. Continues to scream higher, uptrend, what do you expect. I would not be a buyer here as the b/o area was a few days ago so it is extended for a proper buying point and anything down around here on the buy side would be very short term.

Palladium has been a straight up beast in terms of price action with many violent shake outs, just look at the one from a few weeks ago, that one was pretty deep. Thats why its important to buy as the turn starts, so you have cushion, which, EVEN if you did that, you would have gone through some wild pushes down. Very tough trade to do, one that would work best with a percentage type stop to keep you in the trend trade.

Bought a palladium maple leaf , diversifying a little already have some old pour silver bars and different forms of gold.

@kg5

that was a very interesting comparison. You do have a very valid point tho, in life, many things work off probabilities, patterns and supply and demand, they just dont necessarily come out that way and it takes a observing eye to notice these things

Palladium- STILL in an uptrend, even as its pulling back. July and August might offer up some hiccups for it, but who cares, everyone is gone pretty much until mid September so dont really stress what happens in the coming months.

see you guys later!

Palladium, a BEAUTIFUL uptrend, not as beautiful as some of those Puerto Rican babes out there but you get the point..

up 42% for the year.

Folks, this is why I trade and put money into uptrends and assets with momentum.

We been talking about Palladium for a long time here.

Uptrends in commodities can make you TONS of money.You want to buy uptrends and then add on the way up.

There will be volatility, commodities are subject to even more of it. But if you can see the overall trend, if you can understand price action and leg into it, it is possible to have some pretty nice returns.

Palladium is yet another reason why I am always interested in any asset making yearly highs. The more they keep hitting the, the higher chances that eventually the trend and momentum to the upside picks up steam.