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Metals

Some interesting developments in metals.

Palladium – stopped out after three month run. The entire bullmarket in palladium has thus far lasted since August last year. No signal to go short yet.

High Grade Copper – tipped out last session – took off at the same time as palladium. The initial part of this trend was very strong going from 330 to 400.

Platinum – stalled – wait and see – still long only.

Silver – just keeps on motoring.

Gold – no signal until a breach of 1430 region – I am not one of these lunatics who needs to have a cold shower every time gold looks like it might go up.

Interestingly the industrial metals with the exception of tin have lagged the broadly grouped precious metals.

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