Post by
BillionaireBoy on Mar 28, 2019 11:40am
Just on Bloomberg News that
TD Bank had shorted Palladium at $1430 and expects price to go down to $1230 but have a Purchase in at $1500 just in case they are wrong! This along with the slowdown in Chinese car manufacturing explains the drop in the share price of PDL. I just think the shorts are using these events as an excuse to push the price of the shares down. Palladium is still in very short supply and is still needed for Catalytic converters which governments are monitoring the emissions closely. To me this is a great buying opportunity. I hope both the shorts and TD Bank loses monies over their short positions. GLTA Longs!
Comment by
alwil106 on Mar 28, 2019 12:30pm
Got out earlier in the week from a large possition for me, sorry but I haven't got the stomach for a $300 price drop in Pd, though all considered tPDL is holding up better than I would have thought, I am buying Wallbridge Mining WM , Erick Sprott has served me well up until now . Hope things work out for you all.