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Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer -- Ignore unavailable to you. Want to Upgrade?


To: Ptaskmaster who wrote (468)2/22/2000 2:12:00 PM
From: Dundee Maples  Read Replies (1) | Respond to of 976
 
Now let us look at the charts of Palladium and North American Palladium.

finance.yahoo.com

kitco.com

Jan 97 PDl was approx. $4.50 Palladium approx. $120
Jan 98 PDl was approx. $2.50 Palladium approx. $230
Jan 99 PDl was approx. $1.50 Palladium approx. $320

Today Palladium is around $824. It is up approx. 17% whereas PDl is up around 5%. The market has been thinking for years that the Russians will come to the market and drive Palladium prices down. For years the prices have continued to rise. Would someone run the numbers and see how PDL does with $1000 per ounce Palladium. It would seem that they will be able to pay down their debt rather quickly and then start paying dividends --- I am thinking that this is a major sleeper. Comments...



To: Ptaskmaster who wrote (468)2/23/2000 5:50:00 AM
From: Sleeper  Read Replies (1) | Respond to of 976
 
Tuesday February 22, 6:14 pm Eastern Time

Commodities - Palladium tops $800, cocoa falls

NEW YORK, Feb 22 (Reuters) - Panic buying lifted palladium prices past $800 an ounce on Tuesday in a record one-day gain of more than $115 on continued reaction to slow shipments of the metal from Russia and strong demand by automobile makers.

In the U.S., General Motors Corp., the world's No. 1 automobile maker, said on Tuesday it will use palladium in 2001 cars, but is exploring ways to reduce the amount used.

``We are not going to be engineering palladium completely out of vehicles,' said GM spokesman Dan Jankowski.


Sleeper