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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (17800)

3/4/2016 2:37:30 AM

From: John Pitera

4 Recommendations

Recommended By
Davy Crockett
isopatch
mary-ally-smith
roguedolphin

Read Replies (1) | Respond to of 33421

Long Palladium against Platinum or Gold has appearances of outperforming on a relative basisa
a
a number of have been waxing eloquently regarding how great the Precious Metals stocks have been doing

I have been in a Hyper Bullish mode on Silver a $14.07 since Late Nov 2015 with a technical set up that only comes once every 15 years.

Message 30336347

back from the end of theday on Feb 9th

Message 30449926

here is an 8 year Platinum Palladium spread chart..... Palladium is surging...........

shown best on the 2 year chart.

it's good to see the relative strength of Silver picking back up again

To: Entitlement who wrote (17370)	11/29/2015 12:34:04 AM
From: John P	6 Recommendations of 17818

Long Term Silver Chart look very bullish.... on a 45 year Monthly basis we have watched Silver come back to it's .764 retracement, which also coincides with the very powerful 200 Month Moving Average... and we even have a Wyckoff Automatic Rally to the 14.93 area after the complete collapse to the $4.78 level back in the early 1980's....... This is the area where we will almost inevitably see the big long term money masters slowly accumulate........ As a trade to make money....... it's beyond the patience level of well over 90% of the trading public .. But it's a very impressive long term set up....... and on a Macro positioning basis..... it appears to be a home run...given ...lots and lots of time to unfold. Historically Silver has often been the first precious metal to bottom. The Monthly Gold chart has taken out it's .618 retracement to the downside and I could see prices decline to $996 or even back to the .618 of the move from $253 to $1923 which would be $892 level and giving it several months to transpire... we could see the 200 Month Moving Average advance to converge at that $892 level . Platinum and Palladium have been showing quite a bit of relative weakness going back to the 2008 crash. after RogueDolphin was pointing out the weakness in Platinum a couple of months ago it has turned out that a long Gold:Plat spread trade has been in a pretty nice dependable channel....and as Bruce Kovner has stated those markets and trades that are less watched often trend better and yield better trading results. John

JJP