Clive Maund

The reasons for looking at palladium again here are twofold. One is to point out that after a normal period of consolidation, it looks ready for another significant upleg, the other is that the palladium charts provide further evidence that the metals are now advancing across a broad front – and why shouldn't they given that the dollar and interest rates are set to drop as the Fed positions itself for another even greater round of QE.

With copper at last joining the party as recently as last Friday we are now in a full-on pan-metals bull market – in other words major metals are advancing in unison. The reason for this is not hard to see with the Fed and other Central Banks preparing to do another round of full-on QE in order to stave off the intensifying debt crisis that is likely to be an order of magnitude larger than anything that has come before. This will enable them to continue to drive money up to the super-wealthy at the top of the pyramid with the hyperinflation that will result being merely a problem for the inconsequential “little people”. It is recognition of this reality that is driving money to seek sake haven in assets with intrinsic value such as metals and especially Precious Metals at an ever increasing rate. Silver will be and already is the star performer amongst all metals because of its rare and unique situation where fast rising demand is meeting an acute dearth of supply. This is due to an unprecedented confluence of fundamental and technical factors. Since silver is the Big Story we will start by looking at silver’s chart to put its meltup gain of approximately 10% on Friday into context.

Today we are going to look at strong evidence that the PM sector bottom is in and not only that – we will also see why downside risk here now looks minimal and why the next major upleg looks set to begin soon, even imminently.

Discover expert commentary on . A snapshot of the company you cannot get anywhere else

Discover expert commentary on . A snapshot of the company you cannot get anywhere else

Silver is entering a prime buy zone as its recent correction nears an end, offering a key opportunity to average down.

Discover expert commentary on . A snapshot of the company you cannot get anywhere else

In this update we are going to consider why the US dollar appears to be strengthening, both fundamentally and technically.

Discover expert commentary on . A snapshot of the company you cannot get anywhere else

Various factors are converging which suggest that the Precious Metals sector is about to break out into a major new uptrend and it looks like we have waited long enough.