Goldtent TA Paradise

Palladium

1. DaveintheUK says:

   March 27, 2019 - 4:22 pm at 4:22 pm

   Yes there has been a lot of bullish commentary on palladium over past weeks – and especially in the past few days.
   The recent up-move has to be unsustainable but when can it end? It would be ironic if it was already over.
   Now we have people talking about $2000 palladium – but they forgot that $2000 gold looked imminent in August 2011. The $2000 target was missed by about $80 – and 7.5 years later, gold is now barely over $1300.
   Kitco is showing palladium down $102 right now. That’s a 3 figure fall then.
   Someone said it would get volatile! Maybe it was Peter Hug at Kitco.
   He thinks if it gets over $13600 and holds for a couple or more days, $1700-1800 would be in the cards.
   Rhodium is down much less today (-$35 or 1.2%). Hug thinks Rh could get to $3700-3800 possibly.
   I think Pd is a bubble. It’s going to break down really hard sometime fairly soon but it could have a washout before a last rally I suppose.

   700

   • DaveintheUK says:

     March 27, 2019 - 4:24 pm at 4:24 pm

     I meant: He thinks if it gets over $1600 and holds for a couple or more days, $1700-1800 would be in the cards.

2. DaveintheUK says:

   March 27, 2019 - 4:25 pm at 4:25 pm

   What palladium price would constitute a technical breakdown, people?

3. Scoremore says:

   March 27, 2019 - 10:03 pm at 10:03 pm

   Huge day down. Not “ducking” you earlier Fully! Pun intended. But I can’t remember my password at work. Had to wait until home.

   Not liking the drop but let’s see where we end up at the end of the week.

4. pedro_deleon says:

   March 28, 2019 - 10:04 am at 10:04 am

   Looks “DONE” to me.
   Have the same VLT sell signal I had in 2014, at the front end of 15 month decline.

   Oh, and there is never just one cockroach.

   Oh, and to Sr. Palladium, its nothing personal. Its just one manifestation of a liquidity issue with wider implications.