Tag: palladium price

Precious Metals: A Pressure Cooker

| February 22, 2014 | Category: Price
Precious Metals: A Pressure Cooker

As we noted two weeks ago, precious metals and miners are all simultaneously at a rarely seen juncture on the price charts. The situation has evolved meantime and it feels like an enormous pressure cooker. In this update, we show the latest charts at the close of the week. It appears that gold and silver are right above their important 200 day moving average, while platinum and palladium are at a major technical resistance ready to trend (break out or break down).

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