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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Sun Tzu who wrote (84813)	3/4/2024 12:52:54 PM
From: Qone0	1 Recommendation Recommended By ajtj99 Read Replies (2) \| Respond to of 98067

I have arguing patterns on PL.

To: Sun Tzu who wrote (84813)	3/6/2024 10:44:48 AM
From: Sun Tzu	1 Recommendation Recommended By ajtj99 Respond to of 98067

I dated the wrong sister! I should have bet on PA instead of PL. Still, since the same miners produce both, all those buys are up an average of 4% - 8% today. Which is nice, but does not compare to the 11% rise in PA futures. PS The last blurb in the Reuters news is sooo meaningless. Did the deficit cause PA prices to rise last year? PA had one of its worst years ever. So why should the surplus be bearish now? Trade what's in front of you, not what's in your head (or in this case in someone else's head). Message #84813 from Sun Tzu at 3/4/2024 11:38:44 AM PL is a buy. Palladium Surges amid Weaker Dollar and Cuts Expectations Mar 6, 202410:22 EST PA1!+10.47% Palladium jumped above $10.020 per ounce, tracking the rise in other precious metals, supported by weaker dollar, as Powell's remarks solidified expectations of Fed interest rate cuts this year. Fed Chair Powell hinted that policy easing was likely to occur, but greater confidence was needed in inflation's return toward the 2% target. Additionally, the latest data from the US showed the private businesses in the country added 140K workers in February 2024, missing slightly the forecasts of 150K gain, while the number of job openings also went down below the market consensus in January, supporting an accommodative stance by the Fed. Markets will now look for further clues about the start of interest rate cuts to gauge the industrial demand. However, the fundamental outlook for the commodity remains bearish. Palladium is set to record a surplus of 300,000 ounces this year, in contrast to a 200,000-ounce deficit in 2023 amid weak demand from China and Germany, and steady production.