Friday, May 23, 2014

Palladium Cycles...Does history rhyme?

Palladium ( 30% of palladium supply comes from Russia) is about to hit a resistance line (both in Dollar and in Gold terms). 

Palladium in Dollar terms

Palladium in Gold terms

We can clearly see a cycle price pattern for palladium(in gold ounces)

If Palladium manages to break through the resistance then we may see much higher prices like 1998-2001 (observe the similarity between green and orange rectangles)