Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: DCWD40 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 51  
Subject: Palladium up $35... Date: 2/21/2008 9:43 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
...and was as high as $525.50 last night.

Gold for immediate delivery advanced $1.38 to $945.48 an ounce as of 12:21 p.m. in London, after earlier reaching $948.59. Platinum rose as high as $2,192.50 an ounce, silver climbed to $18.045 an ounce, the highest since November 1980, and palladium reached $525.50 an ounce, the most since July 2001.

I had written earlier that palladium could move $100 over a period of days. Well, that time looks like it has arrived. It has moved move than 1/3 that amount in a single day.

Palladium is quickly reaching the $550 price I wanted to see before I could sleep at night. At that price, PAL has to be making money -- inventory flux or not. But, copper is $3.73 this morning, platinum is almost $2,200 an ounce, and nickel has traded within one cent of $13 a pound. All the metals PAL mines are trading at prices that will greatly help this quarter's earnings (Q1 2008).

The stock has been trading well but is still below the $12.36 52-week high. It makes me wonder what metals would have to do to get this stock back to its high...

W.D.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Apple

Apple and Ninety Years Ago
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement