Wheaton Precious Metals (WPM) is on track to meet or exceed its guidance both for this year and for ...
Hottest Metal on the Planet Breaks Support
09/10/2014 7:00 am EST
Even though it’s been a tough year for gold and silver, Chris Kimble of Kimble Charting Solutions charts the year-to-date performance of this other chemical element and thinks investors should keep a close eye on its price action moving forward.
When it comes to the metals complex, it’s not been that great of a year for gold or silver. On the flip side, Palladium has had a good year, as it was up near 25% YTD a couple of weeks ago.
Of late, Palladium is breaking a support line that has been in place the past nine months.
I am of the opinion it pays to watch leadership...keep a close eye here on Palladium price action over the next few weeks.
What Palladium does going forward could have an impact on gold and silver, as they both set on support lines that date back ten years above.
By Chris Kimble, Founder, Kimble Charting Solutions
Related Articles on COMMODITIES
It’s been a rough few weeks for the stock market. Over the last month, the S&P 500 (SPX) i...
BHP Billiton (BBL) is a huge Australia-headquartered global mining and petroleum exploration and ext...
Gold took a pretty good hit after the Fed meeting strengthened the dollar, but it is working its way...