Will Palladium & Platinum Follow Gold & Silver?

As you already know, both Gold & Silver have broken out of their consolidation patterns, but what about the other less talked about metals; Palladium & Platinum ?

Palladium is currently consolidating in a 4 months contracting triangle, which way the breakout will occur is still vague, so keep 765 & 685 levels on your watch list

Palladium

Platinum is also trading in a triangle for the last 6 months, but what is interesting is the incomplete Head & Shoulders bottom that is forming inside which gives indication that a breakout to the upside is much more likely. Watch 1480 level.

Platinum

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3 Silver Stocks

It seems that the bearish appetite has been reversed (for now) for Silver & Gold. Here are 3 silver stocks that have Double bottom patterns that you may want to consider.

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paas1

mgn

ssri

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Metal Vs Miners

Silver Miners (SIL) broke out a 2 months Head & Shoulders bottom in mid January signaling that a reversal of trend was in place. Problem is Silver metal (SLV) did not confirm the pattern or the reversal in that case, instead the metal continues to trade in a tight range rectangle. A continued drop in equities in general plus a breakdown of Silver from its rectangle could spell trouble for SIL. A further sign of weakness is the throwback of SIL to test the H&S bottom neckline at 11.80.

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silvvsminers


Will The Gold Miners Survive?

Check out this interesting vid on gold miners


Time To Accumulate Mining Stocks?

Mining stocks, along with Gold & Silver have been on a downward spiral lately and the reason I have not touched them is that there was no pattern to trade. Lately I have been watching the sector and one silver stock stands out having a decent Head & Shoulders bottom although slanting downwards. As shown below CDE is completing a 3-months H&S bottom with neckline at 14.64. A decisive close above the neck would trigger a possible target of 17.60. Check out this interesting link on mining stocks http://www.investortalkroom.com/silver-stocks-to-buy-this-week/

silver, cde, mining, Coeur

CDE Daily


Fishing At The Bottom (TLAB) & (SVM)

Here are a couple of stocks that share some characteristics of multi year lows and almost complete bullish pattern formations
First up is Tellabs Inc (TLAB) which has formed a 6-months H&S Bottom with neck line at 2.27. A close above that, completes the pattern.

tlab, Tellabs, Head and Shoulders Bottom

TLAB Daily

Next is a silver stock Silvercorp Metals (SVM) which as formed a sloppy triple bottom with a neck line at 3.21.

triple bottom, svm, silver, silvercorp, silvercorp metals

SVM Daily