PALLADIUM Trade based on the 4H MA200 and the 1D MA200Pattern: Channel Up on 1D.
Signal: As long as the 4H MA200 (yellow trend-line) supports, buy the dips. If it breaks potential prolonged sideways action until the 1D MA200 (orange trend-line) approaches.
Target: Trade within the patterns that will be formed.
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Palladium
Palladium Setting Up To Go LongPalladium had a nice run between 2018 and 2020 with a rise of 245% during this period
before the Covid-19 pandemic hit price.
From that point, price created an all-time high at the time of £2875, then there was
a sharp decline to near the $1500 round number.
The round number and the 50 simple moving average cushioned the fall and gave price
enough support to find its footing.
Price has slowly been climbing back up, using the 50 simple moving average as support
along the way, and went on to create new all-time highs last month at $3017.
The previous all-time high is below price and has acted as support already and may be
the base price needs to help it to continue creating record highs.
If price can break and close above the recent high, this would also take price above
the $3000 round number and allow us to look for a position in this commodity.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
GRDM -- Massive Copper & Palladium intercept!Grid Metals Intersects 37.6 g/t Palladium and 21.3% Copper in Massive Sulfide Vein at East Bull Lake; Parisien Lake Zone Continues to Expand
TORONTO, ON / ACCESSWIRE / May 5, 2021 / Grid Metals Corp. (the "Company") (TSXV:GRDM)(OTCQB:MSMGF) is pleased to report new results from three additional drill holes from the Central Parisien Lake Zone at its East Bull Lake palladium property (the "Property") located near Sudbury, Ontario. Drilling hit multiple zones of palladium-dominant mineralization including a footwall copper sulfide vein containing 1.2 ounces per tonne palladium. Drilling results received over the last ten months combined with geophysical data confirm the presence of a persistently mineralized layer along the base of the East Bull Lake intrusion having the potential to host multiple, near surface palladium-rich copper-nickel sulfide deposits.
Highlights
Drillhole EBL 21-09 intersected three discrete zones of palladium-rich sulfide mineralization including a footwall copper sulfide vein which grades 37.6 g/t Pd (1.2 oz/tonne Pd), 6.68 g/t Pt and 21.3% Cu over 0.54 metres within a two metre mineralized interval averaging 10.7 g/t Pd and 5.87% Cu. Similar grades are present in footwall copper sulfide veins in major magmatic systems, globally - including both the Sudbury and Noril'sk mining camps. An offhole conductor adjacent to this vein was subsequently detected by borehole geophysics.
Drill hole EBL21-07, drilled 70 metres southeast from EBL21-09, also intersected wide zones of palladium mineralization having local higher-grade sections including 1.0 metres of 11.5 g/t Pd from 6.0 metres depth.
EBL21-08, the most northerly and westerly hole drilled in the target area, is a 350 metre step out from the main area of drilling. It intersected a narrow, higher-grade section in the Basal Layer (0.75 metres with 4.64 g/t Pd and 1.19 Pt).
The area between hole EBL21-08 in the west and holes EBL21-07 and 09 in the east is over 200 metres wide and is centered on a potential north-striking feeder fault that remains to be drilled.
Palladium mineralization continues to be associated with an extensive, inclusion-rich gabbro layer that blankets the base of the East Bull Lake intrusion, herein referred to as the "Basal Layer." The Company is now confident in its ability to predict the position of the Basal Layer to depths exceeding several hundred metres across the entire >20 km strike length of the property using a combination of resistivity, conductivity and magnetic survey data.
Palladium 23 Points To Breakout!Palladium should not be ignored even if there are strong moves happening in other markets because this
commodity has the potential to trend well long-term.
The trend between January 2016 and February 2020 saw a 542% move to the upside allowing for the
accumulation of simple profits during that period.
As expected, price went into consolidation following such a strong move but within this consolidation
period, price has slowly been climbing its way back up.
On the weekly chart shown, we can clearly see that price has been using the 50 simple moving average
as support to assist it in climbing higher.
This week price came close to breaking out above the all-time high at $2875 by just 23 points, so there
is good progress since our last post.
If price eventually breaks out, we anticipate a strong trend in the direction of the breakout. We will
also need to wait for a break and close above the $3000 round number which is a psychological level of
support/resistance. Patience for now as we await that breakout.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
Palladium Slowly Waiting For A Break!Palladium failed to hit the $3000 mark during the bull run that ended in early 2020. Price created an
all-time high at $2875, which occurred just before the peak of the global pandemic and was followed
by a decline.
The 50 simple moving average on the weekly timeframe was there to cushion the sharp fall and has
been acting as a ladder ever since, slowly helping price to creep back towards the all-time high.
The previous trend ran from June 2016 to February 2020, going from $454 to $2875, which was a
rise of 540%. After such a big move in a long-term trend, it is no surprise that price is consolidating
as it has now run out of steam.
We can not sleep on Palladium because it has the potential to trend again once we have a breakout.
And usually, when price consolidates for a long period of time, we can expect to see a strong move
in the direction of the breakout. Hence, we need to ensure that we remain ready for any opportunity
that presents itself.
As for now, we need to wait patiently until that breakout occurs and avoid jumping in too hastily.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
Entry points, supports and resistances.For the last published palladium idea: Entry points, resistances and supports.
If it breaks resistance upwards, using new support as entry for a sure entry.
It is possible to entry on the actual support (S1) and "hope" for a break upwards with a strict SL right bellow range. Risky. But for a scale in strategy, could work.
As there is a small RSI divergence (red dotted), support can break downwards to any fib support and ultimately to S2.
For future reference.
For future reference on FractalsPalladium.
Trend usages (today):
Catalysis
Electronics - The second greatest application of palladium in electronics
Technology - Hydrogen easily diffuses through heated palladium
Hydrogen storage - Palladium readily adsorbs hydrogen at room temperatures.
Looks like the usage will make it pricier. Palladium will continue the trend? Fractal to a long term investment considered. Consolidating the price ATM.
💰🧧 Metal OX 🐂 🏮❤️💰💰💰 ( Year for Softer Metals)This is the second part, I would recommend you watch the First part
So this is t he Year of Softer Metals and our focus will NOT be on Gold. Gold is the 'Hardest metal' for the Financial standards and has already reached all time highs last Year ( last year was also a Metal year but Yang, not Yin!)
In this video we cover:
🏮Silver which is far away from it's price in 1981 (!!!)
🏮Platinum which has been our first pick in January
🏮💰 Lithium which is the definition of a 'soft metal' and was a huge success for us in 2020
🏮 Nickel which we like to invest through an (ETN) exchanged traded note or this Australian beauty 🦘
Platinum looking strong bullHello!
Platinum looking really bullish. We got here a beatiful higher low pattern and a vertical line which has worked as resistance.
This resistance has been tested 4 times. What I have seen usually 5th or 6th time does it.
Also RSI has already broke it's own the resistance line and used it even as a support. This gives me a strong bullish view.
Platinums demand is also getting bigger. Car makers are starting to use platinum instead of expensive palladium on exhaust systems.
If you are not holding for long term and are trading. Use stop loss.
Otherwise you will get your ass burned!
Take care
Jebu
Palladium Update: Possible upswing soon. On the previous post on 8/4/20 I also suggested an upswing soon as the ".4" point was approaching.(see link below). But after the rise there has been a stall which may be soon over. So watch for signs of reversal. If this count is correct the next upswing could be a hefty one.
I don't trade futures. Other possibilities to trade this include PPLT, and mining stock IMPUY
Zacks
Impala Platinum Holdings Limited is in the business of mining, refining and the marketing of platinum group metals, especially platinum, as well as nickel, copper and cobalt. Implats is also involved in the secondary sourcing of material through Impala Refining Services which enables it to capitalise on the group's competitive advantages in processing and refining. The group's operations on the Bushveld Complex in South Africa (Impala Platinum, Marula Platinum, the Leeuwkop project and Two Rivers) and the Great Dyke in Zimbabwe (Zimplats and Mimosa) give it a significant base of attributable reserve and resource ounces of platinum. Implats also has investments in Aquarius Platinum Limited and its subsidiary Aquarius Platinum (South Africa) Limited which have PGM operations in southern Africa. There are also offshore exploration projects in Botswana, Mozambique, Madagascar and Canada.