A Sippy Cup of Milk to Start

Seeing as I still view most commodities as being their "sippy cup of milk" stage as we embark on entrenched inflation and slowing economic growth in the coming years, the recent hard shakeouts in the precious metals and miners did not come as much of a surprise. Instead, what is more important going forward is that we see actual evidence of appetite for the metals and miners into these violent moves which we expect from any and all commodities. 

Beyond gold and silver, with the opportunities in platinum and palladium (the "other white meat" in the precious metals complex) we must keep Eric Sprott's SPPP in mind. The Sprott Physical Platinum and Palladium Trust (SPPP) invests all of its assets in physical platinum and palladium bullion. 

On the updated SPPP daily chart, below, despite thinner volume today we have a tightening chart pattern from the recent bounce off the hard prior shakeouts. Similar comments apply to segment of commodities like aluminum, which is extremely overlooked and under-owned these days.