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Thread: Gold chart looking bullish; Pd to lead new PM surge?

  1. #201
    Unobtanium PatColo's Avatar
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    Re: Gold chart looking bullish; Pd to lead new PM surge?

    Quote Originally Posted by PatColo View Post
    taking pricing from https://goldprice.org/(click Pd in the right-sidebar beside the big live candlestick chart); Pd's late Oct all time high was $1823; price atm $1700 aka 6.75% off its high.
    ~1y chart: https://www.tradingview.com/x/wX8tJzOz/

    Just taking the recent multi-year highs of Au & Ag,

    Au (early Sep) high $1557, now $1448, = -8%
    ~1y chart https://www.tradingview.com/x/Ow9H0MyG/

    Ag (early Sep) high $19.58, now $16.70, = -14.7%
    ~ 1y chart https://www.tradingview.com/x/n7oBKjYu/
    weekend update: all 3 metals above still have their same "recent high marks" so only updating how far% each is from that high as of Fri's close (using Goldprice.org prices)

    Au close $1462, -6.1%
    Ag close $16.97, -13.3%
    Pd close $1776, -2.6%
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    Re: Gold chart looking bullish; Pd to lead new PM surge?

    Quote Originally Posted by PatColo View Post
    weekend update: all 3 metals above still have their same "recent high marks" so only updating how far% each is from that high as of Fri's close (using Goldprice.org prices)

    Au close $1462, -6.1%
    Ag close $16.97, -13.3%
    Pd close $1776, -2.6%
    I feel a big price plunge coming. To be sure, any price dip is an excellent time to add to the stack. Au has done magnificently these last 20 years. Silver has been stubbornly lackluster largely because the public is so woefully ignorant of silver as money; they continue to slave away for worthless fiat to buy more crap and service debt that they needn't have created in the first place.
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    Re: Gold chart looking bullish; Pd to lead new PM surge?

    ^ bear in mind mamboni, only Pd is so close to it's ALL TIME HIGH in my numbers there.

    I just grabbed those recent highs #s for Au/Ag, both set ~2.5 months ago, coz they're both still so far off their Apr/May '11 peaks. But Au made that big 5+ year base breakout last June, & silver's recent $19.62 only takes us back to its Summer '16 peaks... long term charts tell the stories.

    I'm guessing/betting on a nice Q1 2020 rally after this current consolidation completes, with Pd cutting new(er) all time highs >$2000 & Au/Ag resuming making new multi-year highs.

    It's a tough call, coz Pd has its little "cold fusion" story bubbling under the surface, setting it apart from the PM complex. & Ag continues to annoy by not clearing its summer 2016 high over $21, far from it here.
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    Re: Gold chart looking bullish; Pd to lead new PM surge?

    Yes PD clearly leads the way this time. In late 00’s it was Platinum. Gold came later and last came silver. Pd is the canary in the coal (gold) mine now
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    Re: Gold chart looking bullish; Pd to lead new PM surge?

    muh Pd making muh new all time highs again today, as the other 3 PMs all red

    snapshot: https://www.tradingview.com/x/gD6YOZws/
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    Re: Gold chart looking bullish; Pd to lead new PM surge?

    According to Kitco, Pd touched $2,000.00 exactly this morning... odd cohencidence in that perfect round figure eh? But Goldprice.org doesn't quite agree, putting the day's high at $1,992.91.

    I'm amending my prognostication for ongoing rallies in POG & POS into the Spring. Those 2 metals just aren't shaping up with the bullish charts which they should have by now. They can still shape up into something nice & move higher of course -- just not a bet I would make any more.

    This rally has been a Pd fundamentals story, guessing re cold fusion, which the (((financial press))) can't talk about so they just drone on re "rising Pd demand in jewelry & catalytic converters..."
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    Re: Gold chart looking bullish; Pd to lead new PM surge?

    kitco.com is down at this writing... so check https://goldprice.org/

    nice open for the new week, gold bolted >2% higher at the open, now sustaining +1.x%

    this says to me, corona joo virus = good for PMs, at least the global TEOTWAKI uncertainty... we always imagined it would be but also nice to see rally actually materialize when times really do get hot -- acid test.

    saw a comment last week from some twatter-nobody that gold was at new highs in every currency EXCEPT the USD -- is this twoo?

    no need to review but heck why not, Pd popped it's little 1 month "flag", from Jan 17 - Feb 17, will she touch $3K this week?

    chart snapshot https://www.tradingview.com/x/wDXzNoaw/

    I'll need nearly a $100 move higher, to cover last week's joo/proxy-theft of my little Honda Fit
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  12. #208
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    Re: Gold chart looking bullish; Pd to lead new PM surge?

    I have been wondering if Pd will hold it's price with economy slowdown and car sales plummeting. We shall see.
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    Re: Gold chart looking bullish; Pd to lead new PM surge?

    Quote Originally Posted by woodman View Post
    I have been wondering if Pd will hold it's price with economy slowdown and car sales plummeting. We shall see.
    ^ I've been trying to tell yawl, it's the cold fusion stupid!
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    Re: Gold chart looking bullish; Pd to lead new PM surge?

    Quote Originally Posted by PatColo View Post
    kitco.com is down at this writing...
    Thanks for the update, I did a double take when I saw this!

    https://i.postimg.cc/YjczXNnG/metal-price-200224.jpg
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