Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ptaskmaster who wrote (613)	6/14/2000 2:02:00 PM
From: Elizabeth Andrews	Respond to of 976

I accept that wisdom on Pt and the related stocks. I'm also a believer that gold (in US$) is going to move right about now and it's time to be long some leveraged (whether financially or costs of production)gold shares at this time. Looks like some big moves are possible, whether it's a short covering rally or not. The short run looks positive for gold. PDL's revenue on the gross ore value is 77% palladium, 10.4% nickel, 7.3% platinum, 2.9% gold and 2.4% copper. I believe Pd is going to outperform Pt and that PDL will outperform the SA producers. If Pt prices erode seriously it will take out some marginal production which will also reduce supplies of Pd. If the demand imbalance continues in Pd's favor a decrease in Pt prices can only help. As mentioned Norilsk is the big unknown with respect to Pd supply. Everyone else except Stillwater and PDL are either unwilling or unable to increase Pd supplies in the next few years.