palladium

[stefk]

https://www.investtech.com/main/market. ... D=98000028

Palladium is imprisoned in a powerful falling channel. If the 930 level capitulates, it could go below the 900.

Maybe, the next weeks, we could see SBSW once again below $4.

[MarkD]

After reading Plunder earlier today, put this together.

https://ibb.co/TvMyNmP

[stefk]

It was a good friday for all the precious metals, silver is the champ. Serious breakout on the monthly chart for

platinum, with crossover of the two MACD 12 26. The less powerful is the palladium, but look at the monthly chart,

and the next imminent crossover of the MACD 12 26 ......

And nice breakout for PLG !!!!!

[stefk]

https://www.investtech.com/nl/market.ph ... &product=2

The resistance of the falling channel is too strong. For the moment, palladium stays prisoner in this channel.

I am waiting for SBSW, if it goes again below the $4, I still have amunitions.

[stefk]

Double bottom with february 2024 ??? and add a strong positive divergence on the weekly.

[SOL]

Double bottom with february 2024 ??? and add a strong positive divergence on the weekly.

It's behaving similarly to gold in 2003-2004, where it took some time to build a base before skyrocketing. However, the move in palladium is expected to be much more intense due to its thinly traded market and the fact that two countries control most of the supply. Since you can't sell puts on PALL, I sell puts on SBSW whenever possible. I use the extra money I save from living below my means to fund these investments.

[stefk]

Following the last market update, if SBSW goes below $4,20, I will add to my position.

Its a pitty here in Belgium, we cant buy palladium bars. A solution for me would be to go in Switzerland, the VAT is only 7%. But with the risk of mobile customs patrols.

[SOL]

I consulted our Unchained AI Model for assistance, and here’s its recommendation on the topic.

Yes, you can buy palladium bars and store them in Switzerland, and there are companies that facilitate this process both in Switzerland and in other parts of the world. Here are some reputable options:

### In Switzerland:
1. **Swiss Gold Safe**:
- **Services**: Offers purchase, storage, and transport of precious metals.
- **Storage**: High-security vaults in Switzerland and Liechtenstein.
- **Website**: [Swiss Gold Safe](https://www.swissgoldsafe.ch)

2. **Gold Avenue**:
- **Services**: Purchase and secure storage of precious metals, including palladium.
- **Storage**: Vaults in Switzerland.
- **Website**: [Gold Avenue](https://www.goldavenue.com)

3. **UBS and Credit Suisse**:
- **Services**: Purchase and storage of precious metals.
- **Storage**: Safe deposit boxes and vault services.
- **Website**: [UBS](https://www.ubs.com) and [Credit Suisse](https://www.credit-suisse.com)

### International Companies:
1. **BullionVault**:
- **Services**: Online platform to buy, sell, and store precious metals.
- **Storage**: Vaults in multiple locations, including Zurich (Switzerland), London, New York, and Singapore.
- **Website**: [BullionVault](https://www.bullionvault.com)

2. **GoldCore**:
- **Services**: Purchase and storage of precious metals.
- **Storage**: Vaults in Switzerland, London, Singapore, and other locations.
- **Website**: [GoldCore](https://www.goldcore.com)

3. **JM Bullion**:
- **Services**: Purchase of precious metals, with options for storage through partnerships.
- **Storage**: Offers storage through various partners with vaults in the U.S. and other locations.
- **Website**: [JM Bullion](https://www.jmbullion.com)


These companies provide a seamless process for buying and securely storing palladium bars, whether in Switzerland or globally.

[stefk]

Yes thanks Sol, I think I will be doing a little trip with my wife in Switzerland......

[stefk]

Finally, crossover of MACD 12 26, on the monthly chart. The last one, in oversold region, occured in 2016. Lets see the effectivness of this signal.....

[bpcw]

Finally, crossover of MACD 12 26, on the monthly chart. The last one occured in 2016. Lets see the effectivness of this signal.....

Looking really good on the monthly!

[stefk]

Yes, and SBSW is responding negatively to this signal. I will load more if it goes below the 4.
All the SA miners are in the red. Maybe political uncertainties......

[SOL]

SBSW is looking rather fantastic, as is the entire palladium sector, especially on the monthly charts posted above. We have a very nice long-term falling wedge formation. While no one can predict exactly when the breakout will occur, the move, when it does happen, is usually explosive. The old highs are often either taken out or at least tested. Additionally, we have positive divergences over multiple time frames.

Palladium, as always, is a market that demands patience and discipline, but the rewards are almost always huge and worth the wait.

[stefk]

In TA, in theory when a support is broken, this support becomes resistance. 840$ was the support, lets see how deep they will try to go with this metal.

[stefk]

Just bought my last lot of SBSW at $3,96.