Friday, March 04, 2022 2:18:58 AM
Top Junior Miner Movers & Shakers
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courtesy M+M board
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Mining & Metals Top Juniors Movers & News___Makers
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.
Good evening and Welcome to ~*~Mining & Metals Du Jour~*~
with MMGYS Sound Tracks by J:D
DD & tickers not included
MARKET ACTIVITY
TSX -5.23 (0.02%) 21,250.41
TSX Venture -5.66 (0.66%) 849.30
ASX 200 -70.80 (0.99%) 7,091.20
S&P 500 -23.05 (0.53%) 4,363.49
NYSE Gold Bugs +3.17 (1.09%) 294.97
VanEck Jr Miners +0.21 (0.47%) 45.36
Sprott Junior Miners +0.14 (0.34%) 41.83
COMMODITY PRICES
Gold (US$/oz) +5.70 (0.29%) 1,942.95
Silver (US$/oz) +0.06 (0.24%) 25.27
Copper (US$/lb) +0.05 (1.05%) 4.83
Platinum (US$/oz) +8.30 (0.77%) 1,090.00
Palladium (US$/oz) +15.48 (0.56%) 2,778.00
MINING MOVERS
Company Change% Last Trade
Franco-Nevada 3.49 1.83 $194.46
First Quantum Minerals 1.73 4.71 $38.45
Ero Copper 1.32 7.24 $19.56
Altius Minerals 1.17 5.24 $23.51
Newcrest Mining 0.68 2.89 $24.18
Eloro Resources 0.66 14.10 $5.34
Wheaton Precious Metals 0.58 1.01 $57.79
Artemis Gold 0.57 8.53 $7.25
Agnico Eagle Mines 0.46 0.69 $66.96
Aura Minerals 0.42 3.63 $12.00
Arizona Metals 0.42 6.43 $6.95
Capstone Mining 0.40 5.87 $7.22
North Peak Resources 0.38 9.05 $4.58
Sandstorm Gold Royalties 0.36 3.82 $9.79
Los Andes Copper 0.34 2.06 $16.84
HIGH VOLUME
Company Volume Last Trade
Uranium Energy 14,611,847 $4.21
Kinross Gold 9,414,760 $6.70
B2Gold 5,429,055 $5.33
Fission Uranium 4,012,894 $0.91
Denison Mines 3,944,730 $1.92
Capstone Mining 3,842,280 $7.22
OceanaGold 3,506,553 $2.64
Azincourt Energy 3,349,546 $0.08
Yamana Gold 2,938,645 $6.53
Reunion Gold 2,548,819 $0.26
NexGen Energy 2,519,774 $6.78
Ivanhoe Mines 2,418,310 $12.42
First Quantum Minerals 2,411,227 $38.45
Cameco 2,087,471 $31.12
Sherritt International 1,904,060 $0.67
# DRILL RESULTS
Golden Minerals Drills 2.6m Grading 7.14 g/t Au and 2,058 g/t Ag at Yoquivo
Summa Silver's First Drill Results from Mogollon Return 11.6 m of 450 g/t Silver...
Defense Metals Corp. Drills Highest Grade To Date At Wicheeda With 6.01% Total Rare...
Sassy Resources Significantly Expands Westmore High-Grade Gold-Silver Discovery in...
Consolidated Woodjam Copper Announces Deerhorn Zone 2021 Drill Results: Hole DH21-77...
# DRILLING UPDATES
Collective Mining Drills Broad Zones of Mineralization at Olympus, Assay Results Expected...
Bell Copper Keeps Drilling Copper in Porphyry at Big Sandy
Cabral Gold Adds Fifth Drill Rig at the Cuiú Cuiú Gold District
Victory Resources Advances Smokey Lithium Drilling Program
Sierra Madre Gold and Silver Ltd. Adds Second Drill Rig at the Tepic Project, Nayarit,...
Alpha Exploration Finds Massive Sulphide Mineralization in 2 Drill Holes at Tolegimja...
Benz Mining: Sulphide and Quartz Veining Identified by Drilling EM Conductors at Placer...
# DRILLING COMMENCED
Forum Energy Metals Commences Drilling at Wollaston Uranium Project, Athabasca Basin,...
Vior Begins Phase II Drill Program at Belleterre Gold Project
Riverside Resources Initiates 1,500M Drill Program at Its 100% Owned Oakes Project in the...
Sable Resources Initiates Drilling of the Pyros Porphyry Target within the El Fierro...
Sassy Resources Commences Diamond Drilling at Highrock Uranium Project in Saskatchewan
EARNINGS / PRODUCTION RESULTS
Aris Gold Announces 2021 Financial and Operating Results
Turquoise Hill Resources announces financial results and review of operations for 2021
Great Panther Mining Reports Fiscal Year 2021 Financial Results and Reiterates Positive...
Argonaut Gold Announces Record Annual Production of 244,156 Gold Equivalent Ounces,...
McEwen Mining Reports 2021 Year End and Q4 Results
Fortitude Gold Reports 2021 Record Gold Production, $0.75 Net Income Per Share And $40...
Mineros Reports 2021 Year-End and Fourth Quarter Financial and Operational Results
# PROJECT ACQUISITIONS
Galleon Gold Acquires Additional Ground in Timmins Camp - West Cache Land Position...
Brascan Gold Enters into Option Agreements to Acquire Mountain Pond, Birchy Lake and...
BCM Resources Increases Land Position at Its TK Porphyry Cu-Au-Mo Project
Bunker Hill Mining Announces Purchase of Strategic Land Package
Brunswick Exploration Expands Into Lithium Exploration With District Scale Land...
# SAMPLING RESULTS
Happy Creek Minerals Defines Large Copper-Moly Targets at Highland Valley and Completes...
West Mining Chip Samples 0.31% Copper Over 18 Metres Kena Gold-Copper Project, BC
Silver Range Resources Ltd. Samples High Grade Gold and Silver at the Bellehelen...
Viscount Mining Corp. Samples 76.9 g/t Gold and 2580 g/t Silver at the New...
Fabled Copper Samples High Grade on the Keays South Occurrence With 28.30% Copper
FEASIBILITY / PEA / MRE
Canadian Palladium Resources Announces Updated Mineral Resource Estimate for East Bull...
Frontier Lithium successfully converts Inferred Resource to 14 million tonnes of...
O3 Mining Increases M&I Open-Pit Resource by 29% for Marban Engineering
Vizsla Silver Restates Maiden Resource Estimate for Panuco Silver-Gold Project
Vizsla Silver Announces Maiden Resource Estimate For Panuco Silver-Gold Project
Ivanhoe Mines Announces Exceptional Results of Independent 2022 Feasibility Study for...
Foran Mining Announces McIlvenna Bay Initial Phase Feasibility Study Results Outlining...
MERGERS / ACQUISITIONS
Perseus Mining Limited Enters into Agreement to Acquire Orca Gold Inc.
Final Regulatory Approval Received for Newcrest Mining Acquisition of Pretium Resources
Kinross Gold completes acquisition of Great Bear Resources
Great Bear Resources Obtains Final Order for Plan of Arrangement from the Supreme Court...
Premium Nickel Resources and North American Nickel Sign Non-Binding LOI for Reverse...
$ FINANCINGS
Blackrock Silver Closes C$5.0 Million Private Placement with Eric Sprott
Argonaut Gold Announces Closing of C$51.8 Million "Bought Deal" Private Placement, Including...
Cassiar Gold Announces Upsizing of Bought Deal Public Offering to C$10.0 Million
Nevada Silver Corporation Announces $7 Million Brokered Private Placement
Benton Resources Announces Non-Brokered $2.4 Million Financing with Investment by Eric Sprott
NEW / DUAL LISTINGS
Labrador Uranium to Commence Trading on CSE on Thursday, March 3, 2022
NexGen Energy Announces Uplisting on the New York Stock Exchange
Kingsview Minerals Begins Trading on the CSE Trading Symbol KVM
Monumental Minerals Corp. Lists On Frankfurt Exchange
Kingsview Minerals to Begin Trading on the CSE on February 24, 2022 Trading Symbol: KVM
BOARD / MANAGEMENT CHANGES
SSR Mining Appoints Leigh Ann Fisher to Board of Directors
International Battery Metals Announces Restructuring of Board of Directors and Executive...
Traction Uranium Announces Management Change; Appoints Lester Esteban as Director and CEO
Reunion Gold Appoints Pierre Chenard to Its Board of Directors and Grants Stock Options
Goldplay Mining Strengthens Technical Team With Appointment of Highly Experienced Senior...
DRILL PERMITS / TARGETS
Sitka Gold Receives Drill Permit Amendment at its Alpha Gold Property in Nevada
DLP Resources Announces Exploration Update and Proposed Extension of Warrants
Xali Gold Provides Update on Drill Permits at El Oro, Mexico
Labrador Gold Receives Drill Permit for Golden Glove and Mobilizes Fifth Drill Rig
Cross River Ventures Announces Drill Mobilization at the McVicar Gold Project, NW...
$ STRATEGIC INVESTORS
Blackrock Silver Closes C$5.0 Million Private Placement with Eric Sprott
Benton Resources Announces Non-Brokered $2.4 Million Financing with Investment by Eric Sprott
Golden Tag Resources Completes $3,250,000 Non-Brokered Private Placement, Eric Sprott...
Blackrock Silver Announces C$5.0 Million Private Placement with Eric Sprott
Clean Air Metals Announces Closing of $12.5 Million Private Placement on Strong Institutional...
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Palladium Price Analysis: XPD/USD renews weekly top around $2,650, rising channel eyed
NEWS | 3/3/2022 6:42:33 AM GMT | By Anil Panchal
Palladium prints four-day uptrend inside a nine-week-old ascending trend channel.
Overbought RSI tests buyers but upside momentum remains intact beyond $2,280-70.
Palladium (XPD/USD) remains on the front foot around $2,647, up 0.25% intraday during the four-day winning streak ahead of Thursday’s European session.
The precious metal not only renews weekly top but also stays near to the highest levels marked since late July, pinned the previous week.
The upside momentum justifies bullish MACD signals inside an upward sloping trend channel from late December 2021. However, the overbought RSI line hints at a pullback.
That said, June 2021 low near $2,460 may lure the short-term sellers but the support line of the stated channel, around $2,400, will challenge the quote’s further downside,
Even if the quote drops below $2,400, a convergence of the previous resistance line from early 2021 and an 11-week-old rising support line, near $2,280-70 will be a tough nut to crack for the palladium bulls afterward.
Meanwhile, the XPD/USD’s further upside will aim for the stated channel’s resistance line, near $2,800 at the latest, before challenging the July 2021 peak of 2,882.
Palladium: Daily chart
Trend: Bullish
Additional important levels
Overview
Today last price 2647.19
Today Daily Change 5.83
Today Daily Change % 0.22%
Today daily open 2641.36
Trends
Daily SMA20 2362.29
Daily SMA50 2201.24
Daily SMA100 2042.84
Daily SMA200 2152.95
Levels
Previous Daily High 2644.05
Previous Daily Low 2585.65
Previous Weekly High 2706.5
Previous Weekly Low 2313.91
Previous Monthly High 2706.5
Previous Monthly Low 2193.25
Daily Fibonacci 38.2% 2621.74
Daily Fibonacci 61.8% 2607.96
Daily Pivot Point S1 2603.32
Daily Pivot Point S2 2565.29
Daily Pivot Point S3 2544.92
Daily Pivot Point R1 2661.72
Daily Pivot Point R2 2682.09
Daily Pivot Point R3 2720.12
https://www.fxstreet.com/news/palladium-price-analysis-xpd-usd-renews-weekly-top-around-2-650-rising-channel-eyed-202203030642
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.
.
Please remember No Politics ,Conspiracies and Hyperbole
We are the Best mining board on the Internet.
#1 in the World
Thank you for helping keep it that way
Thank you to all the contributors past and present
.
.
.
.
Todays Treats
Eric Clapton - My Father's Eyes (Official Music Video) | Warner Vault
Thought of the Day
Today’s thought…
March 03, 2022:
"in true commerce, as in true preaching, or true fighting, it is necessary to admit the idea of occasional voluntary loss; -- that sixpences have to be lost, as well as lives, under a sense of duty; that the market may have its martyrdoms as well as the pulpit; and trade its heroisms as well as war."
----John Ruskin, Unto This Last (George Allen, London, 1906), p. 30.
This Day in Financial History
Learn what happened in business in today’s past
March 03:
1933: Amid wildly divergent predictions about incoming President Franklin D. Roosevelt, who will be inaugurated the following day, the Dow Jones Industrial Average slumps 1.9% in intraday trading before recovering to close up smartly at 53.84, a 2.5% gain for the day. By July 18, the Dow will rise to 108.67, the fastest it has ever doubled in history.
John Brooks, Once in Golconda: A True Drama of Wall Street, 1920-1938 (Harper & Row, New York, 1969), pp. 149-150; Phyllis S. Pierce, ed., The Dow Jones Averages 1885-1980 (DowJones Irwin, Homewood, IL, 1982), not paginated; averages.dowjones.com
1928: The Harvard Economic Society concludes, after studying statistics on business activity and the financial markets, that "intermediate declines in the stock market will not develop into such major movements as forecast business depression." A year-and-a-half later, the stock market crashes, setting off the Great Depression.
Frederick Lewis Allen, Only Yesterday: An Informal History of the 1920s (John Wiley & Sons, New York, 1997, reprint of 1931 ed.), p. 220.
1901: J.P. Morgan announces that he is organizing the largest corporation the world has yet seen by merging his Federal Steel conglomerate with Andrew Carnegie's Carnegie Co. The company is initially capitalized at $1.4 billion -- the first billion-dollar company ever -- four times the budget of the U.S. government and 7% of the gross national product. In a popular joke of the day, a schoolboy is asked about the history of the world. "God created the world in 4004 B.C.," he answers, "and it was reorganized by J.P. Morgan in 1901."
Jean Strouse, Morgan: American Financier (Random House, New York, 1999), p. 404; John Steele Gordon, "The Business of America," American Heritage, June, 2001, p. 22.
1882: In Lugo, Italy, outside of Bologna, Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi is born. In 1903 he emigrates to Boston, renaming himself Charles Ponzi, and creates a financial phenomenon -- promising to double investors' money every three months by speculating in foreign postage stamps to benefit from fluctuations in currency rates. Bostonians lose over $10 million on the scheme, and Ponzi's name becomes synonymous with any con game that pays new investors out of the money that belongs to the old ones.
Mitchell Zuckoff, Ponzi: The Man and His Legendary Scheme (Random House, New York, 2004), pp. 19-20.
1847: Alexander Graham Bell, father of the telephone, is born in Edinburgh, Scotland, to Alexander Melville Bell, a professor of speech and elocution, and Eliza Symonds Bell, a painter of miniature portraits.
Robert V. Bruce, Bell: Alexander Graham Bell and the Conquest of Solitude (Cornell University Press, Ithaca, NY, 1990), p. 16; http://lcweb2.loc.gov/ammem/bellhtml/bellhome.html
Have a great evening
tags , Junior mining network,JasonZweig,Fx street
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. . . .
.
.
.
.
courtesy M+M board
.
.
Mining & Metals Top Juniors Movers & News___Makers
.
.
.
.
Good evening and Welcome to ~*~Mining & Metals Du Jour~*~
with MMGYS Sound Tracks by J:D
DD & tickers not included
MARKET ACTIVITY
TSX -5.23 (0.02%) 21,250.41
TSX Venture -5.66 (0.66%) 849.30
ASX 200 -70.80 (0.99%) 7,091.20
S&P 500 -23.05 (0.53%) 4,363.49
NYSE Gold Bugs +3.17 (1.09%) 294.97
VanEck Jr Miners +0.21 (0.47%) 45.36
Sprott Junior Miners +0.14 (0.34%) 41.83
COMMODITY PRICES
Gold (US$/oz) +5.70 (0.29%) 1,942.95
Silver (US$/oz) +0.06 (0.24%) 25.27
Copper (US$/lb) +0.05 (1.05%) 4.83
Platinum (US$/oz) +8.30 (0.77%) 1,090.00
Palladium (US$/oz) +15.48 (0.56%) 2,778.00
MINING MOVERS
Company Change% Last Trade
Franco-Nevada 3.49 1.83 $194.46
First Quantum Minerals 1.73 4.71 $38.45
Ero Copper 1.32 7.24 $19.56
Altius Minerals 1.17 5.24 $23.51
Newcrest Mining 0.68 2.89 $24.18
Eloro Resources 0.66 14.10 $5.34
Wheaton Precious Metals 0.58 1.01 $57.79
Artemis Gold 0.57 8.53 $7.25
Agnico Eagle Mines 0.46 0.69 $66.96
Aura Minerals 0.42 3.63 $12.00
Arizona Metals 0.42 6.43 $6.95
Capstone Mining 0.40 5.87 $7.22
North Peak Resources 0.38 9.05 $4.58
Sandstorm Gold Royalties 0.36 3.82 $9.79
Los Andes Copper 0.34 2.06 $16.84
HIGH VOLUME
Company Volume Last Trade
Uranium Energy 14,611,847 $4.21
Kinross Gold 9,414,760 $6.70
B2Gold 5,429,055 $5.33
Fission Uranium 4,012,894 $0.91
Denison Mines 3,944,730 $1.92
Capstone Mining 3,842,280 $7.22
OceanaGold 3,506,553 $2.64
Azincourt Energy 3,349,546 $0.08
Yamana Gold 2,938,645 $6.53
Reunion Gold 2,548,819 $0.26
NexGen Energy 2,519,774 $6.78
Ivanhoe Mines 2,418,310 $12.42
First Quantum Minerals 2,411,227 $38.45
Cameco 2,087,471 $31.12
Sherritt International 1,904,060 $0.67
# DRILL RESULTS
Golden Minerals Drills 2.6m Grading 7.14 g/t Au and 2,058 g/t Ag at Yoquivo
Summa Silver's First Drill Results from Mogollon Return 11.6 m of 450 g/t Silver...
Defense Metals Corp. Drills Highest Grade To Date At Wicheeda With 6.01% Total Rare...
Sassy Resources Significantly Expands Westmore High-Grade Gold-Silver Discovery in...
Consolidated Woodjam Copper Announces Deerhorn Zone 2021 Drill Results: Hole DH21-77...
# DRILLING UPDATES
Collective Mining Drills Broad Zones of Mineralization at Olympus, Assay Results Expected...
Bell Copper Keeps Drilling Copper in Porphyry at Big Sandy
Cabral Gold Adds Fifth Drill Rig at the Cuiú Cuiú Gold District
Victory Resources Advances Smokey Lithium Drilling Program
Sierra Madre Gold and Silver Ltd. Adds Second Drill Rig at the Tepic Project, Nayarit,...
Alpha Exploration Finds Massive Sulphide Mineralization in 2 Drill Holes at Tolegimja...
Benz Mining: Sulphide and Quartz Veining Identified by Drilling EM Conductors at Placer...
# DRILLING COMMENCED
Forum Energy Metals Commences Drilling at Wollaston Uranium Project, Athabasca Basin,...
Vior Begins Phase II Drill Program at Belleterre Gold Project
Riverside Resources Initiates 1,500M Drill Program at Its 100% Owned Oakes Project in the...
Sable Resources Initiates Drilling of the Pyros Porphyry Target within the El Fierro...
Sassy Resources Commences Diamond Drilling at Highrock Uranium Project in Saskatchewan
EARNINGS / PRODUCTION RESULTS
Aris Gold Announces 2021 Financial and Operating Results
Turquoise Hill Resources announces financial results and review of operations for 2021
Great Panther Mining Reports Fiscal Year 2021 Financial Results and Reiterates Positive...
Argonaut Gold Announces Record Annual Production of 244,156 Gold Equivalent Ounces,...
McEwen Mining Reports 2021 Year End and Q4 Results
Fortitude Gold Reports 2021 Record Gold Production, $0.75 Net Income Per Share And $40...
Mineros Reports 2021 Year-End and Fourth Quarter Financial and Operational Results
# PROJECT ACQUISITIONS
Galleon Gold Acquires Additional Ground in Timmins Camp - West Cache Land Position...
Brascan Gold Enters into Option Agreements to Acquire Mountain Pond, Birchy Lake and...
BCM Resources Increases Land Position at Its TK Porphyry Cu-Au-Mo Project
Bunker Hill Mining Announces Purchase of Strategic Land Package
Brunswick Exploration Expands Into Lithium Exploration With District Scale Land...
# SAMPLING RESULTS
Happy Creek Minerals Defines Large Copper-Moly Targets at Highland Valley and Completes...
West Mining Chip Samples 0.31% Copper Over 18 Metres Kena Gold-Copper Project, BC
Silver Range Resources Ltd. Samples High Grade Gold and Silver at the Bellehelen...
Viscount Mining Corp. Samples 76.9 g/t Gold and 2580 g/t Silver at the New...
Fabled Copper Samples High Grade on the Keays South Occurrence With 28.30% Copper
FEASIBILITY / PEA / MRE
Canadian Palladium Resources Announces Updated Mineral Resource Estimate for East Bull...
Frontier Lithium successfully converts Inferred Resource to 14 million tonnes of...
O3 Mining Increases M&I Open-Pit Resource by 29% for Marban Engineering
Vizsla Silver Restates Maiden Resource Estimate for Panuco Silver-Gold Project
Vizsla Silver Announces Maiden Resource Estimate For Panuco Silver-Gold Project
Ivanhoe Mines Announces Exceptional Results of Independent 2022 Feasibility Study for...
Foran Mining Announces McIlvenna Bay Initial Phase Feasibility Study Results Outlining...
MERGERS / ACQUISITIONS
Perseus Mining Limited Enters into Agreement to Acquire Orca Gold Inc.
Final Regulatory Approval Received for Newcrest Mining Acquisition of Pretium Resources
Kinross Gold completes acquisition of Great Bear Resources
Great Bear Resources Obtains Final Order for Plan of Arrangement from the Supreme Court...
Premium Nickel Resources and North American Nickel Sign Non-Binding LOI for Reverse...
$ FINANCINGS
Blackrock Silver Closes C$5.0 Million Private Placement with Eric Sprott
Argonaut Gold Announces Closing of C$51.8 Million "Bought Deal" Private Placement, Including...
Cassiar Gold Announces Upsizing of Bought Deal Public Offering to C$10.0 Million
Nevada Silver Corporation Announces $7 Million Brokered Private Placement
Benton Resources Announces Non-Brokered $2.4 Million Financing with Investment by Eric Sprott
NEW / DUAL LISTINGS
Labrador Uranium to Commence Trading on CSE on Thursday, March 3, 2022
NexGen Energy Announces Uplisting on the New York Stock Exchange
Kingsview Minerals Begins Trading on the CSE Trading Symbol KVM
Monumental Minerals Corp. Lists On Frankfurt Exchange
Kingsview Minerals to Begin Trading on the CSE on February 24, 2022 Trading Symbol: KVM
BOARD / MANAGEMENT CHANGES
SSR Mining Appoints Leigh Ann Fisher to Board of Directors
International Battery Metals Announces Restructuring of Board of Directors and Executive...
Traction Uranium Announces Management Change; Appoints Lester Esteban as Director and CEO
Reunion Gold Appoints Pierre Chenard to Its Board of Directors and Grants Stock Options
Goldplay Mining Strengthens Technical Team With Appointment of Highly Experienced Senior...
DRILL PERMITS / TARGETS
Sitka Gold Receives Drill Permit Amendment at its Alpha Gold Property in Nevada
DLP Resources Announces Exploration Update and Proposed Extension of Warrants
Xali Gold Provides Update on Drill Permits at El Oro, Mexico
Labrador Gold Receives Drill Permit for Golden Glove and Mobilizes Fifth Drill Rig
Cross River Ventures Announces Drill Mobilization at the McVicar Gold Project, NW...
$ STRATEGIC INVESTORS
Blackrock Silver Closes C$5.0 Million Private Placement with Eric Sprott
Benton Resources Announces Non-Brokered $2.4 Million Financing with Investment by Eric Sprott
Golden Tag Resources Completes $3,250,000 Non-Brokered Private Placement, Eric Sprott...
Blackrock Silver Announces C$5.0 Million Private Placement with Eric Sprott
Clean Air Metals Announces Closing of $12.5 Million Private Placement on Strong Institutional...
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Palladium Price Analysis: XPD/USD renews weekly top around $2,650, rising channel eyed
NEWS | 3/3/2022 6:42:33 AM GMT | By Anil Panchal
Palladium prints four-day uptrend inside a nine-week-old ascending trend channel.
Overbought RSI tests buyers but upside momentum remains intact beyond $2,280-70.
Palladium (XPD/USD) remains on the front foot around $2,647, up 0.25% intraday during the four-day winning streak ahead of Thursday’s European session.
The precious metal not only renews weekly top but also stays near to the highest levels marked since late July, pinned the previous week.
The upside momentum justifies bullish MACD signals inside an upward sloping trend channel from late December 2021. However, the overbought RSI line hints at a pullback.
That said, June 2021 low near $2,460 may lure the short-term sellers but the support line of the stated channel, around $2,400, will challenge the quote’s further downside,
Even if the quote drops below $2,400, a convergence of the previous resistance line from early 2021 and an 11-week-old rising support line, near $2,280-70 will be a tough nut to crack for the palladium bulls afterward.
Meanwhile, the XPD/USD’s further upside will aim for the stated channel’s resistance line, near $2,800 at the latest, before challenging the July 2021 peak of 2,882.
Palladium: Daily chart
Trend: Bullish
Additional important levels
Overview
Today last price 2647.19
Today Daily Change 5.83
Today Daily Change % 0.22%
Today daily open 2641.36
Trends
Daily SMA20 2362.29
Daily SMA50 2201.24
Daily SMA100 2042.84
Daily SMA200 2152.95
Levels
Previous Daily High 2644.05
Previous Daily Low 2585.65
Previous Weekly High 2706.5
Previous Weekly Low 2313.91
Previous Monthly High 2706.5
Previous Monthly Low 2193.25
Daily Fibonacci 38.2% 2621.74
Daily Fibonacci 61.8% 2607.96
Daily Pivot Point S1 2603.32
Daily Pivot Point S2 2565.29
Daily Pivot Point S3 2544.92
Daily Pivot Point R1 2661.72
Daily Pivot Point R2 2682.09
Daily Pivot Point R3 2720.12
https://www.fxstreet.com/news/palladium-price-analysis-xpd-usd-renews-weekly-top-around-2-650-rising-channel-eyed-202203030642
.
.
.
.
Please remember No Politics ,Conspiracies and Hyperbole
We are the Best mining board on the Internet.
#1 in the World
Thank you for helping keep it that way
Thank you to all the contributors past and present
.
.
.
.
Todays Treats
Eric Clapton - My Father's Eyes (Official Music Video) | Warner Vault
Thanks for being with us tonight
Thought of the Day
Today’s thought…
March 03, 2022:
"in true commerce, as in true preaching, or true fighting, it is necessary to admit the idea of occasional voluntary loss; -- that sixpences have to be lost, as well as lives, under a sense of duty; that the market may have its martyrdoms as well as the pulpit; and trade its heroisms as well as war."
----John Ruskin, Unto This Last (George Allen, London, 1906), p. 30.
This Day in Financial History
Learn what happened in business in today’s past
March 03:
1933: Amid wildly divergent predictions about incoming President Franklin D. Roosevelt, who will be inaugurated the following day, the Dow Jones Industrial Average slumps 1.9% in intraday trading before recovering to close up smartly at 53.84, a 2.5% gain for the day. By July 18, the Dow will rise to 108.67, the fastest it has ever doubled in history.
John Brooks, Once in Golconda: A True Drama of Wall Street, 1920-1938 (Harper & Row, New York, 1969), pp. 149-150; Phyllis S. Pierce, ed., The Dow Jones Averages 1885-1980 (DowJones Irwin, Homewood, IL, 1982), not paginated; averages.dowjones.com
1928: The Harvard Economic Society concludes, after studying statistics on business activity and the financial markets, that "intermediate declines in the stock market will not develop into such major movements as forecast business depression." A year-and-a-half later, the stock market crashes, setting off the Great Depression.
Frederick Lewis Allen, Only Yesterday: An Informal History of the 1920s (John Wiley & Sons, New York, 1997, reprint of 1931 ed.), p. 220.
1901: J.P. Morgan announces that he is organizing the largest corporation the world has yet seen by merging his Federal Steel conglomerate with Andrew Carnegie's Carnegie Co. The company is initially capitalized at $1.4 billion -- the first billion-dollar company ever -- four times the budget of the U.S. government and 7% of the gross national product. In a popular joke of the day, a schoolboy is asked about the history of the world. "God created the world in 4004 B.C.," he answers, "and it was reorganized by J.P. Morgan in 1901."
Jean Strouse, Morgan: American Financier (Random House, New York, 1999), p. 404; John Steele Gordon, "The Business of America," American Heritage, June, 2001, p. 22.
1882: In Lugo, Italy, outside of Bologna, Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi is born. In 1903 he emigrates to Boston, renaming himself Charles Ponzi, and creates a financial phenomenon -- promising to double investors' money every three months by speculating in foreign postage stamps to benefit from fluctuations in currency rates. Bostonians lose over $10 million on the scheme, and Ponzi's name becomes synonymous with any con game that pays new investors out of the money that belongs to the old ones.
Mitchell Zuckoff, Ponzi: The Man and His Legendary Scheme (Random House, New York, 2004), pp. 19-20.
1847: Alexander Graham Bell, father of the telephone, is born in Edinburgh, Scotland, to Alexander Melville Bell, a professor of speech and elocution, and Eliza Symonds Bell, a painter of miniature portraits.
Robert V. Bruce, Bell: Alexander Graham Bell and the Conquest of Solitude (Cornell University Press, Ithaca, NY, 1990), p. 16; http://lcweb2.loc.gov/ammem/bellhtml/bellhome.html
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