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Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer

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To: Michael R. Swanger who wrote (336)9/28/1999 12:09:00 PM
From: Sleeper  Read Replies (2) of 976
 
What do you guys think is causing the rise in pdl?

Here's what I think is going on in a nutshell:
1. Tight world supplies has Pd prices at a 12 year high;
2. Newly discovered reserves makes PDL a potential major player in the free world supply of Pd:
3. Gold is recovering from it's historic lows and the rising tide is lifting all boats;
4. SWC has it's own subset of problems that is clouding it's future;
5. Equities have underperformed this year, and metals are starting to appear attractive;
6. Pd remains a major metal for electronics and automobiles with no adequate alternative

Anyone else care to expand the list? Please feel free. BTW, PDL up $C.25 on 30k in morning trading. What a run over the past week!

Sleeper
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