Palladium Is Good on Every Time Frame
Barry Dawes of Martin Place Securities shares his thoughts on the current state of gold, silver, nickel, cobalt, and palladium and explains why he believes silver is breaking out and palladium is ready to skyrocket.
Gold makes another new closing high in US$, and much higher prices are coming.
Gold is surging in all major currencies.
Silver is breaking out, and palladium is readying to rocket higher
Key Points
Gold
Another new highStrong in all currenciesGold Stocks
More catch-up rallyAnother few percent before pauseBut heading much higherSilver
Breaking outPalladium
Ready to rocket higherStrong on all time framesNickel
Downtrend brokenGold
Volatility is returning after a very quiet period.
This is a very powerful move after the 4-year consolidation in the box.
The parabolic moves are very clear in gold in most currencies.
This is a vertical move.
In clear air to head higher.
Big break out here against rallying bond prices.
Silver
Silver is looking good here now.
And the big picture is for a very strong move out of this parabolic pattern.
XAU has moved nicely out of that wedge.
The first stop will be 117 with a breather and then to 130.
It will go much higher, but let's wait and see.
ASX Gold Stocks
Rally to 7700 underway, then much higher.
Bonds
Yields still heading lowerGapped lower
Palladium
Good on every time frame.
Nickel
Breaking out.
Head the markets, not the commentators.
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