THE STRONG BROTHERS ARE LEADING THE CHARGE

During the 01-08 stage of the commodity bull platinum was the strong brother of the precious metal complex. Where he led the rest of the complex followed.

Well platinum is at it again, only this time he's got help. Palladium is also leading the charge higher. Both metals have eclipsed their December highs. As a matter of fact both metals have been so strong that the 50 day moving average never even turned down during the recent correction.




We still need to see gold rally above $1161 to break the pattern of lower lows and lower highs but the action in platinum and palladium is suggesting this C-wave still has further to go.

I suspect how the dollar reacts to the employment figures tomorrow will probably give us a big clue as to the next move in gold. Ironically I suspect a poor jobs number is going to be more bullish for the markets as it will probably depress the dollar.  Perhaps even completing a weekly swing high which is one of our requirements for a continuation of the C-wave.

THE STRONG BROTHERS ARE LEADING THE CHARGE

During the 01-08 stage of the commodity bull platinum was the strong brother of the precious metal complex. Where he led the rest of the complex followed.

Well platinum is at it again, only this time he's got help. Palladium is also leading the charge higher. Both metals have eclipsed their December highs. As a matter of fact both metals have been so strong that the 50 day moving average never even turned down during the recent correction.




We still need to see gold rally above $1161 to break the pattern of lower lows and lower highs but the action in platinum and palladium is suggesting this C-wave still has further to go.

I suspect how the dollar reacts to the employment figures tomorrow will probably give us a big clue as to the next move in gold. Ironically I suspect a poor jobs number is going to be more bullish for the markets as it will probably depress the dollar.  Perhaps even completing a weekly swing high which is one of our requirements for a continuation of the C-wave.

THE STRONG BROTHERS ARE LEADING THE CHARGE

During the 01-08 stage of the commodity bull platinum was the strong brother of the precious metal complex. Where he led the rest of the complex followed.

Well platinum is at it again, only this time he's got help. Palladium is also leading the charge higher. Both metals have eclipsed their December highs. As a matter of fact both metals have been so strong that the 50 day moving average never even turned down during the recent correction.




We still need to see gold rally above $1161 to break the pattern of lower lows and lower highs but the action in platinum and palladium is suggesting this C-wave still has further to go.

I suspect how the dollar reacts to the employment figures tomorrow will probably give us a big clue as to the next move in gold. Ironically I suspect a poor jobs number is going to be more bullish for the markets as it will probably depress the dollar.  Perhaps even completing a weekly swing high which is one of our requirements for a continuation of the C-wave.

THE STRONG BROTHERS ARE LEADING THE CHARGE

During the 01-08 stage of the commodity bull platinum was the strong brother of the precious metal complex. Where he led the rest of the complex followed.

Well platinum is at it again, only this time he's got help. Palladium is also leading the charge higher. Both metals have eclipsed their December highs. As a matter of fact both metals have been so strong that the 50 day moving average never even turned down during the recent correction.




We still need to see gold rally above $1161 to break the pattern of lower lows and lower highs but the action in platinum and palladium is suggesting this C-wave still has further to go.

I suspect how the dollar reacts to the employment figures tomorrow will probably give us a big clue as to the next move in gold. Ironically I suspect a poor jobs number is going to be more bullish for the markets as it will probably depress the dollar.  Perhaps even completing a weekly swing high which is one of our requirements for a continuation of the C-wave.

4 DAY RULE

Yesterdays rally completed a 4 day rule possible trend change. (4 days in a row counter to the trend after a long intermediate move often signals a trend change.)


We also have the same signal in the miners which in my opinion is more important as the miners have been the laggards in this sector. We need to see the miners leading this rally. 



If the trend break can hold into the close that will be another big step in the right direction towards confirming a continuation of the C-wave.

4 DAY RULE

Yesterdays rally completed a 4 day rule possible trend change. (4 days in a row counter to the trend after a long intermediate move often signals a trend change.)


We also have the same signal in the miners which in my opinion is more important as the miners have been the laggards in this sector. We need to see the miners leading this rally. 



If the trend break can hold into the close that will be another big step in the right direction towards confirming a continuation of the C-wave.
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