Out of the 5 instruments in the metals asset class, copper ended up ranking 3rd for the day in terms of price change relative to the previous day.
Platinum outperformed all 5 assets in the metals asset class since yesterday.
Or to view things another way, note that out of the past 10 days palladium’s price has gone up 5 them.
Though this scenario is exactly what is happening in the quoted prices of paper derivative gold and silver by every talking head on financial shows all over the world and the much higher prices for physical gold and silver you will discover were you to buy real gold and silver from bullion dealers, every analyst in the world quotes the wrong gold/silver price ratios and wrong gold/silver price performance….
Out of the 5 instruments in the metals asset class, gold ended up ranking 4th for the day in terms of price change relative to yesterday.
Copper outperformed all 5 assets in the metals asset class since the previous day.
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Relative to other instruments in the metals asset class, platinum ranked 3rd since the previous day in terms of percentage price change.
From a technical perspective, mckay also sees more price gains….
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.