North American Palladium Ltd (New) PALDF

On Shortdata.ca the short Volume

[BillionaireBoy]

was over 501,000 as of March 17th. I bet it has gone up since then as well! I hope these guys get burned when the stock makes a sudden rise. Makes me wonder if they knew ahead of time what TD Bank was about to do when they shorted Palladium. I have to admit that the metal Paladium has made a strong rebound. Too bad the shares of PDL have not made a strong rebound yet and is obviously being held down! GLTA Longs

[macdtrader]

$13.50 wouldn't surprise me.  I have dry powder.  I started buying at $13.50 before the release of stellar earnings.

[macdtrader]

Pd setting up for another jump now.

[diabase1]

“We shorted June palladium at $1,431.50/oz, in anticipation of prices dropping towards $1,230/oz. We are taking a punt on the possibility for prices to acknowledge the sharp deterioration in the demand outlook. Acknowledging that timing the end of an asset bubble is a risky proposition, we keep a tight stop at $1,500/oz,” wrote TD Securities head of global strategy Bart Melek and commodity

[macdtrader]

I wonder if TD could deliver a single ounce of Pd?  If you have a look at the up and down cycle on the EUR/USD you can see almost a perfect correlation with the up and down trends on PDL.  Interesting.