Platinum (PPLT) slid 0.54% and is really glued to the moving average cluster near $1,430.

Platinum is building a large triangle. Within a month or six weeks we should see it resolved.

As always, platinum will follow gold and silver. So until they can get moving a bit, platinum will likely remain pretty rangebound between the upper and lower levels of this triangle.


Palladium (PALL) lost 1.23% over the last week, but it does remain in a nice uptrend.

As long as we can hold this uptrend channel, things are fine. But this chart is nothing special to me.

All in all it's a time to wait and see how things play out. Save your cash for the easy money to return and you'll be a step ahead of so many people who constantly have to trade, to their own detriment.

Thank you for reading. You can find out more about what I do for members at http://wizzentrading.com. Thank you for reading.

>>Read More: IBM Unveils 'Watson' Technology for Enterprise

>>Read More: Tim Geither's New Book 'Stress Test' Comes Under Fire

>>Read More: IBM CEO Rometty Reaches for the Cloud

At the time of publication, the author held no positions in any of the stocks mentioned.

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

If you liked this article you might like

Here's the Hottest New Way to Get Rich With Gold

How to Invest in Unstoppable Gold Prices

Novice Trade: Gold ETF

Will Gold Make You 25,000% Richer Like Bitcoin?

How to Tackle Investing: Cramer's 'Mad Money' Recap (Thursday 9/7/17)