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...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...

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