Thats nice Spec. im in at 369 & doubled at 385 - stops 380 looks like its a real break out. sit tight.
Ya - all good stuff. PA up another 3.11% today so no complaints. I did find it interesting how many uses there are for palladium. Catalytic converters, oil refining, fuel cells, etc. Maybe we get some element of 'alternative energy' to keep pushing demand. http://www.stillwaterpalladium.com/uses.html
The way I see it, is that palladium is going to $5000 per ounce. simple mathematics 1.98 goest to 50, then 198 goes to 5000! http://www.nwtmintbullion.com/palladium_bar.php
NYMEX To Change Margins For Palladium Futures Contracts 06/02/08 (02/06/08) The New York Mercantile Exchange, Inc. announced today that it will change margins for its palladium and Asian palladium futures contracts, effective at the close of business tomorrow. Palladium futures margins will increase to $1,750 from $1,000 for clearing members, to $1,925 from $1,100 for members, and to $2,363 from $1,350 for customers. Margins for the Asian palladium futures contract will increase to $281 from $161 for clearing members, to $309 from $177 for members, and to $380 from $217 for customers. http://www.mondovisione.com/index.cfm?section=news&action=detail&id=72405
Yeh - The big trend we have been waiting for is rolling out - $55o - and platinum has gone thru the roof
well crazy paladium guy JJ nailed it even when everyone called him a retard. well he is a retard but he is doing well now. he is killing PAL and SWC and it looks like it won't stop.
First off, even a stopped clock hits the right time twice a day. Second off, you're hardly 'killing it' in PAL unless you bought at 3.50ish, and then only with a weak $2. SWC seems to give more reasonable price movements. I'm NOT saying that PGM's aren't good long-term buys. However, I'm NOT saying also that current prices represent value. And I am certainly NOT saying that either SWC or PAL represent value. BTW if you didn't notice my post on stocks, did anyone notice the way SWC was pretty much 'pinned' around 13.50-13.60 all last week until friday and how there was one block of 600K traded on the 6th? Interesting price action. Buyout or other large position being put on or unwound? I am not a good tape reader, so someone else can answer. IMHO getting toppy here. I think it may be time to start thinking about getting out.