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Bullboard - Stock Discussion Forum North American Palladium Ltd (New) PALDF

North American Palladium Ltd is a precious metal mining company. The company operates the Lac des Iles palladium mine located in Ontario, Canada, which is one of only two primary producers of palladium in the world. The group believes there is exploration upside near this location, and the limited number of primary palladium production areas also offers investors exposure to palladium prices... see more

OTCPK:PALDF - Post Discussion

North American Palladium Ltd (New) > Just on Bloomberg News that
View:
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.
Comment by astevens on Mar 28, 2019 12:45pm
The TD analysts do not understand the palladium market and are most likely trying to be clever by taking such a negative view.  Their own chart shows what happened in 2008 when the Chinese stimulated their economy in response to the financial crisis.  Bank analysts often are generalists and have a tendency to look at historic data as a guide for forecasts.  I would place greater ...more  
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