Wednesday, 26 December 2012

Long Palladium short Gold. plus ES H13 looks like we are going the cliff


Here is a chart of Palladium ( Comex futures)

 Here is a chart of the spread  long Palladium short gold. The diff has been widening for some years and is now at -$976 gold 'under'. Gold is about $1665/oz and Palladium is $690/oz

 Heres the recent activity and two simple andrews forks
 Heres some more forks ( FNL's) and their reaction lines

 It certainly looks as though we may have more upside potential in 2013 and could see the diff (spread) narrow and climb to at least - $800

No comments:

Post a Comment