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Non-Tech : The Woodshed

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To: morokko65 who wrote (17303)	11/29/2004 4:49:34 PM
From: patron_anejo_por_favor	Read Replies (1) of 60899

I've been thinking about palladium lately....if oil prices continue to rise and at some point the US moves towards something more akin to self-sufficiency in energy, coal will benefit. One of the pressing needs should that happen will be for catalytic converters which (currently) use platinum or palladium. Thus, palladium could be a back door energy play. If this scenario comes to play (I believe it's a matter of when, not if) then palladium demand will rise rapidly. I think it's a buy right here... stockcharts.com[h,a]maclyyay[pb50!b200!f][vc60][iUb14!Li14,3]&pref=G From an EW perspective, you can also count 5 waves down from the 2001 top, which would mean we're at or near an important low.

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