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

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To: Jason Marcotte who started this subject2/9/2001 4:50:20 PM
From: NPValue  Read Replies (1) of 976
 
Is the party over?

Published reports out yesterday and today are indicating that Putin will sign the Russian 2001 export quota on PGMs by the end of the month. Palladium has plunged about $70 on the news, yet interestingly has still managed to stay above US$1000.

It would appear that even if Palladium fell back to $800, PAL should still be a very good buy. Once the momentum players are flushed out, the stock may decline back to US$8 or $9, but I would still see them being profitable for quite some time.

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