PAL O MINE?

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3 Comments

    • Tue Dec 4th 21:05 PM | Rating: 0 0
      Commented on:
      Norsk Hydro Offers Real Growth in Materials
      The new symbol appears to be NHYDY.PK.
      I bought 100 shares of NHY in a US brokerage account last month before the delist and have not been asked to liquidate, etc. Since it's been moved to the Pink sheets, I can't get timely intra day quotes, however, a big difference from before.
      View article »
    • Tue Dec 4th 20:58 PM | Rating: 0 0
      Commented on:
      Palladium: An Investable Metal That Defies Physics
      Well, nothing is 'guaranteed' to go up, but I would tend to agree that the worst of the PAL sell-off has already occurred. The long-term fundies look impressive, too.
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    • Tue Dec 4th 14:31 PM | Rating: 0 0
      Commented on:
      Palladium: An Investable Metal That Defies Physics
      Interesting how PAL has dropped by more than 35% since this article was written, just nine days ago! As I write this PAL is trading at US $4.38, and was as low as $4.21 earlier today.

      I don't buy the cold fusion angle right now, but there are two major bullish aspects that could make PAL a good LONG term investment:

      1.) A massive, multi-decade increase in Chinese auto production may mean a steadily rising demand for palladium. North American Palladium's 2006 annual report says that they mine approximately 5% of all annual world production of Palladium.

      2.) Jewelry. Palladium seems to have caught the attention of major watch makers and jewelers, some of which plan to market palladium jewelry as a cost-efficient alternative to similar white gold and platinum products.

      As a 'kicker', PAL also produces gold, platinum, copper and nickel, all of which are or have been in multi-year bull markets due to strong demand by BRIC nations and other developing countries.

      Personally, I'd wait to see PAL bottom out (hopefully before $3.00 is reached) and then begin to manifest signs of an emerging uptrend before acquiring shares. The stock might also be a good 'dollar cost averaging' play for committed long-term visionaries. Do your homework before buying or selling ANY stock or commodity.

      On the other hand, if PAL is such a good investment, then why has is steadily plummeted from the $12.36 high (on 5/7/07) down to the low-$4 range, and in less than seven months? That's the most disturbing aspect of this stock right now. I like the company, its long term business prospects, the global fundamentals for the products they mine, etc. But I don't like the recent price action in the stock, so I will wait for a safer time to enter.
      View article »
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