Strong dollar should continue until the Treasury auctions end:
2-Year NOTE Tuesday, April 27, 2010
5-Year NOTE Wednesday, April 28, 2010
7-Year NOTE Thursday, April 29, 2010
4-Week BILL Tuesday, April 27, 2010
13-Week BILL Monday, May 03, 2010
26-Week BILL Monday, May 03, 2010
Also, there was the preliminary vote in the House to overwhelmingly impose sanctions on iran, including gasoline. Only way to enforce is with a naval blockade. They will put a real vote later at a convenient time, but you are basically seeing further dollar strength as a result, which hurts PMs.
... CONFIDENT!" - My hero Warren Buffet!
I have been following Warren the last few years and overall have learned a lot and done fairly well.
Today's panic over some minor countries bonds (that have been known basket cases for years) is one of the last opportunities to load up on PD/PL stocks before the GREAT SURGE!
THE FUNDAMENTALS HAVE NOT CHANGED! Indeed today the consumer confidence index is trading upward and yesterday Whirlpool surged to over a $100 - a 10% gain! Why? Manufacturing is SURGING WORLD WIDE!
Remember palladium is used somehow in the manufacture of one out of every four things made!
I am buying more SWC. PAL I am pretty loaded up on and want to see them actually start mining that PD in some quantity before buying more.
Sure didn't take the investors long to exercise their purchase of more stock. Should tell ya something! PAL is a winner!!!
Cormark Securities Inc. and Haywood Securities Inc. (collectively, the "Underwriters") have agreed to purchase an additional 2,600,000 units (the "Units") from the Company at a price of C$5.00 per Unit for aggregate additional gross proceeds of C$13,000,000. Total aggregate gross proceeds for the Unit financing are now expected to be approximately C$100,000,000 (the "Offering").
Looks like metals are a lot lower this morning.
Wonder where PAL and SWC will open at?
Has anyone else noticed the past week that metals rise big time in the Asian markets, then take a beating in Europe?
" Has anyone else noticed the past week that metals rise big time in the Asian markets, then take a beating in Europe? "
goggle the pig countries, i suspect they are raising money
Asia would be securing raw materials with their excess cash
the game is much bigger then a hole in the dirt, a nugget, and the June options
At 2:45 this afternoon two large sell orders hit driving the price down to 4.91 briefly. Stock only dropped 5 cents and rebounded quickly. That tells me their are lots of buyers scooping up shares or we would have seen a much bigger dip. PAL is a winner!!!!!!