Thu, Mar 5, 2015, 1:57 AM EST - U.S. Markets open in 7 hrs 33 mins

Recent

% | $
Quotes you view appear here for quick access.

North American Palladium Ltd. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • tristrem tristrem May 12, 2011 4:28 PM Flag

    Could it hold $4.00?

    ... it's done a 50% Fibonacci retracement from its high of $7.99.

    The question is, of course, will it sink further and hit the 61.8% retracement?

    Personnally, I think that palladium is truly a scarce commodity, and that economies worldwide are not slowing down (e.g., more cars are being purchased.) Therefore, on the fundamentals, I believe that palladium will be in strong demand, and therefore, this could be a bottom for PAL.

    On the other hand, as we all know, markets are not always rational!

    I think if PAL closes significantly below $4, it will be headed toward the 61.8% retracement - which would put it at about $3.05

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • "Therefore, on the fundamentals, I believe that palladium will be in strong demand, and therefore, this could be a bottom for PAL."


      PAL is not about the price of PD. PAL is about whether they can execute as a mining company. Has PD gone down 50%? Even at $700-$750 PAL could (should) make a lot of money. PAL is a leveraged gamble on a mining company. If you are bullish on PD and you want to track PD , use PALL. For PAL, higher metal prices will be gravy, not the meat. PAL has no control of Pd prices, but they do have control over their costs - if you believe what mgt says, in a few years (2,3,4?) their costs could be $150. With costs about $500 now, that would be like PD gaining $350. None of this will happen this year and only somewhat next but 2013,2014,2015 could be very good to stockholders.

      In general there is upward pressure on costs - labor, materials, energy so I think a $200 eventual low cost is more reasonable.

      And then there is Au. No comment.

 
PAL
0.2732-0.0018(-0.65%)Mar 4 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.