Palladium's Weakness Is Corrective And Temporary

Aibek Burabayev - Contributor - Metals

Today I prepared an absolutely different look at the Palladium technicals.

Monthly Chart: Palladium Has Halted On The Way Up To $1200

Chart courtesy of

Palladium has been a top performing metal among the precious metals for the past decade. It's the only precious metal to make a new high in 2014 while the others peaked in 2011 and the only metal to build record ETF inventories.

As seen on the above monthly chart, the metal price has shown quite simple zigzags with vertical soaring during the period between 1977 and 2001. Palladium had flown sky-high to $1090 level and then it had fallen in 2002 down to the $145 mark, giving back almost all of its gains. Indeed, it was a bubble burst. Continue reading "Palladium's Weakness Is Corrective And Temporary"

White Metals: Buy In May And Go Away!

Aibek Burabayev - Contributor - Metals

Platinum Monthly

Chart courtesy of

The old "Sell in May and go away!" saying is not working these days with precious metals. Both Gold and Silver did very well, moving upside beyond recently unforeseen levels in May.

As seen in the above monthly chart, Platinum is still in a long correction from the summer of 2011 after it hit $1918. Platinum lost almost half of its price, searching for the bottom for the last 6 months. It was a hard time for the traders, as stops were hit both in longs and shorts, but what is worse is that most traders could lose patience and belief in the metal. Continue reading "White Metals: Buy In May And Go Away!"