Wt Physi Pallad Discussion Threads

[mattjos] 08/4/2011 20:23

Traderabc .. as you requested on my thread, here are my thoughts .. never looked at it until today:

[traderabc] 31/3/2011 11:29

Looks like it may have found some support.

[traderabc] 21/3/2011 11:56

Just bought some of these, expect a big correction soon!

[traderabc] 27/2/2011 11:10

Anything in particular caused the correction?


Nothing can go straight up in a straight line for too long, this isn't really a correction, merely a pause in a strong uptrend, which all the other metals , stocks, and most commodities are also experiencing presently. The implication I see is that when stocks roll over, as they surely will at some point, the metals will do likewise.

[eggbaconandbubble] 26/2/2011 18:53

Anything in particular caused the correction?

[traderabc] 24/2/2011 09:23

Looking like a proper correction now, looking to buy into these in the 65-70 ish area.

[abc125] 22/1/2011 23:20

Trader, I reckon there's a good 10% correction coming in stocks/commodities in the next 2/3 weeks. I have raised some cash ready to deploy. Got my eye on PAL. It could go below $6. Its already dropping.

I also want to pick up some more silver miners, LSE listed AGQ and HOC (which is already down 20% from the highs)

[traderabc] 19/1/2011 21:47

I know the feeling abc, I've sold a handful of good stocks last year far too early. I look at them now in mild disbelief. Many stocks are showing an angle of ascent that appears a bit too good to be true.

It will end in tears as it always does, but for now it's still looking good, perhaps we will get to May before a proper correction.

[abc125] 18/1/2011 23:20

sold my PAL on the spike down to $6.50...and now it has gone straight back up to new highs.

[traderabc] 13/1/2011 13:32

Amazingly strong performance from Palladium, it looks like it's on the way to $1000 and it's all time high.

[contrarian2investor] 13/1/2011 13:10

Hi all,

Palladium @10 year high

JANUARY 13, 2011, 2:46 A.M. ET.PRECIOUS METALS: Gold Down As Palladium Hits 10-Year High

By James Campbell
Of DOW JONES NEWSWIRES
SINGAPORE (Dow Jones)--Gold and silver were slightly down in Asia Thursday, while palladium continued a strong run.

Despite bullish price action in other commodities including crude oil, gold and silver are struggling to join the party, with economic optimism and periodic bouts of dollar strength undermining sentiment.

"Gold really needs to get back above $1,400 to shake off this corrective move," Triland Metals in a note.

At 0645 GMT, spot gold was at $1,385.20 a troy ounce, down $2.80 since Wednesday's New York close. Tokyo Commodity Exchange December 2011 gold was at Y3,715/gram, up Y3.

Spot silver was at $29.54/oz, down 11 cents, after failing to breach resistance at $29.70/oz despite repeated attempts.

Spot palladium continued a strong week, trading up $3 at $812/oz, just off a $814.50/oz intraday high, its highest level since March 2001.

MKS Finance said in a report that the metal is likely to keep gaining for the rest of the year, with a spike to $1,100/oz possible.

"Supply disruptions from Russia and more marginally from South Africa, and lower-than-expected available stockpiles, are likely to drive palladium higher," it said.

It noted that exchange traded fund buying is having a significant impact on the market's balance.

According to Mitsui Global Precious Metals, 530,000 ounces, or around 9% of global annual mine supply based on last year's figures, has been added by ETFs since Oct. 1.

Spot platinum was giving back some gains at $1,794/oz, down $7, in line with weakness in base metals.

c2i

[traderabc] 02/1/2011 09:03

I bought SWC a couple of times in the last decade, had to bail out at loss a couple of times too, I hate that stock, it's price has nothing to do with the Platinum or Palladium price. The only time it is worth buying is when it's plunging, even then be patient as it likes to collapse all the way (90+%)when it does. The only 'safe' place to buy it is around $2-3. Next 'crisis' and I'm almost certain we will see it down there again. I think it's far better to buy the actual metal presently. Here's a graph, as you can see you have to be willing to face 90%+ paper losses to ride out the volatility, and you have to trust the Russians.
That said I can see this one is capable of a 100% gain presently, but I'll leave that to braver people then me.

[abc125] 01/1/2011 21:27

Interesting article suggesting Norilsk nickel, producer of 45% of the worlds palladium may soon stop extracting palladium:



kiwi2007

There's a bit at the end of the article which says:

Full disclosure: The author has studied the global palladium market for a few years and is heavily invested in physical palladium metal, as well as in stocks of the world's only primary palladium mining companies: SWC and PAL. The author has no position in Norilsk Nickel.


So not much choice if you're looking at a pure palladium producer.

[kiwi2007] 20/12/2010 21:33

Does anyone know if there are there any UK quoted mining companies specialising in Palladium please?

[abc125] 10/12/2010 20:28

Bought some PAL today as a leveraged play on increasing palidium prices. Paid $6.19.

Why did i not buy when it was trading for $3 four months ago lol?

[contrarian2investor] 07/12/2010 18:35

traderabc,

O/T I will also post this on the NGAS & LNGA threads:

I am holding LNGA. I am expecting some positive appreciation over the next month or so. Given potential drawdowns during the cold snap in the US. Most NGAS have been very performers over the past 12 months. Strewth even Boone Picheks is losing money on is Natural Gas plays.

News just out:

Natural Gas Futures Decline in New York on Ample U.S. Supplies for Winter
By Christine Buurma - Dec 7, 2010 6:14 PM GMT



------------
Furthermore lots of deals recently in the NGAS space which are hard to decipher. Are they for synergies, due to margins tightening or opportunistic predators making shrewd investment at the bottom of the cylce?

December 7, 2010, 6:59 am Mergers & Acquisitions
AGL Resources to Buy Nicor for $2.4 Billion




c2i

[traderabc] 07/12/2010 18:18

c2i, I bought both NGAS and U.TO, so a severe retraction may be expected, ;-)
That said NGAS has already had one.

[contrarian2investor] 07/12/2010 18:15

Hi all,

Here is another article that might be of interest:

Huge Gains Still Expected For Palladium and This ETF (PALL, WITE, PAL)



c2i

[contrarian2investor] 07/12/2010 18:13

traderabc,

I thought that would catch your eye.
----------------------------------

Hi all,

Here is another article that might be of interest:


Why Palladium Could Shine Brightly



c2i

[traderabc] 03/12/2010 23:53

Thanks c2i, that's some chart. It puts this rally into some perspective, ie the potential for much higher prices.

[contrarian2investor] 02/12/2010 22:53

traderabc,

Even longer chart here for you.



c2i

[traderabc] 02/12/2010 22:42

Can anyone direct me to a 20 year chart?

[traderabc] 02/12/2010 22:15

Onwards and upwards, I wonder who is short this, hopefully jp morgan.

[dasv] 02/12/2010 15:09

sure thing - will do.

[contrarian2investor] 02/12/2010 14:42

dasv,

You are welcome. But as you can see from the thread not many have woken up to Palladium even now.

If only I had taken more notice of more of YOUR calls in 2009 and 2010. MML, CHAR, BLNX etc, I will be taking more notice in 2011. So don't be shy.

c2i