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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (19750)9/8/2003 6:43:35 PM
From: Louis V. Lambrecht  Respond to of 39344
 
energyplay - was Ford and palladium, fiscal year 2001

Ford's palladium stockpile: where to from here?
mips1.net
$1bn loss
mips1.net

Ford bought $1500 ? ROFL. Knew it was heavy
azom.com

and 312 other google finds
google.com

So, when Ford will have a reasonable stockpile, it would be time to buy some palladium.
Unless current platinum prices are too lofty and the industry turns to palladium, at Ford's prices.

Posted some weeks ago that palladium seems on the rebound, sales could be over. But what a loss for Ford: from 1500 to 250 <vbg>, and car sales at zero credit.

What should I do, short Ford before FY warnings or go long palladium?



To: energyplay who wrote (19750)9/8/2003 6:45:03 PM
From: krishnamurti888  Read Replies (2) | Respond to of 39344
 
It was Ford on the Palladium market where they lost a $1bn. However, they did not maintain the stock pile but rather sold into the Palladium collapse to limit the damage (there would have been no point in sitting on inventory declining at such a precipitous rate). In part you could say they were responsible for the 2000-2001 Palladium boom and subsequent bust.


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