Above is a chart of platinum. Notice that prices have literally fallen off a cliff starting in July of last year. Prices have moved through key support levels at several points.
Above is a chart for palladium. Notice the incredible speed at which prices crashed. This is a monthly chart, yet in the circled area there are huge gaps down. Selling pressure was incredible during this time.
Above is a weekly chart of palladium, which gives us a bit more detail of the previous chart. Note the incredible speed of the price decline. The gaps are several and large. Simply put, it was time to get out.
The main point on the cattle chart is that although prices have been increasing for some time they are currently at the long-term trend line. A move below would signal a reversal of the long-term trend. Should this happen then prices will go the way of other agricultural commodities.
