Many times starting in 2021, and reaching a fever pitch late in 2024, I wrote loving missives about gold, silver, and – – later – – palladium and platinum. It’s those two I’d like to highlight with this post, as they are both rallying mightily this morning. Below is the chart of palladium /PA over the past few years, with its exquisitely formed rounded bottom followed by a series of lurching, forceful rallies.
Although I’ve written about platinum /PL far less it more or less moves in line with its /PA brethren, and over the past week it has added hundreds to its own price.
Indeed, the chart of platinum is eye-popping, since it absolutely exploded out of its range late last year.
My precious metals infatuation was fueled by the ratio charts in SlopeCharts which I shared in hundreds of instances. Here, for example, is the long-term price of palladium divided by the S&P 500 ETF.
Conversely, here is the Russell 2000 index (which, keep in mind, has been incredibly strong lately) divided by palladium. Looks like history is repeating itself, doesn’t it?
At the moment, gold is JUST below the psychologically important $5,000 level, while silver is JUST below its own $100 barrier. Perhaps we’ll see it finally do the deed today, which will further excite the public.
I ask very little of life, except that it align with my Bullish Precious/Bearish Equities mantra. The quotes we’re seeing just before today’s open align with that very nicely. Thanks, Universe!
