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And mac's fascination with the weather continues. I think he's Michael Fish.
Just get yourself a cleaning job there........
Mac yeah, or a ring doorbell we can hack in to, to see who is coming and going!
Im sure A1ex will get some visuals for us at some point!
The Smart Money Says Buy Palladium Mining Now
Palladium is the best long-term commodity trade that traders ignore.
It’s an important component in catalytic converters, a part of a car’s exhaust system that controls emissions used in gas-powered and hybrid vehicles.
According to the BBC, this use should keep demand for palladium high as governments around the world, “notably China, are tightening regulations as they attempt to tackle air pollution from petrol vehicles.”
Also, “as a secondary product of platinum and nickel extraction, miners have less flexibility to increase palladium output in response to rising prices.”
Palladium Futures Offer Short- and Long-Term Gains
In futures markets, traders buy contracts or “go long” when they expect prices to rise. When a decline is expected, they sell contracts, creating a short position.
Traders in stocks can also take short positions but rarely do so because shorting is expensive. In futures, going short is common because the costs are the same as a long position.
The indicator at the bottom of the chart shows whether important groups of traders are long or short in the market. This indicator is based on an obscure report issued by the Commodity Futures Trading Commission. The Commitment of Traders report tells us who is buying gold, soybeans and other commodities like palladium.
Analysts call one group “smart money.” This group expects to be right about major trends more often than not. In the report, this group is called commercials.
For palladium, commercials include miners and automakers who use palladium. Buying and selling futures allows these groups to reduce, or in theory, eliminate risks from changes in the metal’s price. Groups in the COT report are either net long or net short, and the dashed line in the chart shows the division between long and short. Now, commercials, the green line are long palladium contracts for the first time since last summer.
Because commercials are smart money, analysts expect prices to rise when commercials are long. Adding to this likelihood is the fact that individual investors, the red line in the chart, are net short. Individual investors are often wrong in futures markets.
We know palladium offers long-term potential. COT tells us it also offers short-term potential.
Michael Carr?is a Chartered Market Technician for?Banyan Hill?Publishing and the Editor of?One Trade,?Peak Velocity Trader?and? Precision Profits. He teaches technical analysis and quantitative technical analysis at the New York Institute of Finance. Mr. Carr is also the former editor of the CMT Association newsletter,?Technically Speaking.
It's a shame that there isn't a live feed cam looking through Eurasia's office window there. A nice glimpse of say a white board with a figure in the billions written on it would be a nice view lol
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Got a feed from cathedral square seadog, the just pull out in front of each other at the crazy looking junction there, seems a bit of a free for all lol
It won't be long now imho
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If you Google web cams Monchegorsk you get a live feed and can see all the people milling about just dying to start work on the massive new open cast mine on their doorstep. Go Ruskie go!
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Lovely day in Monchegorsk today. 11 degrees and blue skies!
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Crunch time at Monchegorsk is fast approaching, the area needs to begin heading to production this season, someone will have to begin the open pits and get cracking on. The green industrial revolution isn't slowing down for anyone and lots of PGM's and battery metals are required.
Feet up, relaxed and having a sip on some nice chilled cherry kola!
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It may take a couple of weeks for it to get going properly there as forecasts have both cold and warm periods for a while, but you can see it getting patchy during this current warm spell there which is a good sign of things to come.
Now imagine a EGM timed at around now, someone needs to hit the ground running there this season, make the most of the warm temps to get things on their way to supplying the huge current global demand.
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Begins -
https://www.worldweatheronline.com/monchegorsk-weather/murmansk/ru.aspx
https://apps.sentinel-hub.com/sentinel-playground/?source=S2L2A&lat=67.94229470178894&lng=32.74543762207031&zoom=11&preset=1_TRUE_COLOR&layers=B01,B02,B03&maxcc=20&gain=1.0&gamma=1.0&time=2020-10-01%7C2021-04-20&atmFilter=&showDates=false
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