Quote Originally Posted by PatColo View Post
so Mar-19 Pd had biggest volume for weeks as she cut through, & closed above that ~$1400 resistance set only ~1 month ago. Expecting a gap open Sun night (USA) when trading resumes; though I'd be surprised if it didn't retrace & close any Sun opening gap, by end of Mon. If she gaps open with high vol, & no retrace, things could get crazy to the upside next week.

http://bigcharts.marketwatch.com/qui...e=&freq=&show=

http://bigcharts.marketwatch.com/kaa...579&mocktick=1



I dismiss the stale old "cat converters & jewelry demand" reasons for Pd's behavior. Pd's ~75% more spendy than Pt now! Something else is afoot which is a tightly kept seekrit.
I read somewhere long time ago that Pd is an important catalyst in modern munitions production. Then on the other hand very little of the metal is produced every year, something around 10 million oz a year, most of which is consumed in industry... which would tend to cause speculative bursts... If you need it for the war effort, you buy it no matter the price. And then most of it is produced in Russia...