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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) > PGMs and Gold heading back higher today
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Post by mouserman on Sep 11, 2019 3:29pm

PGMs and Gold heading back higher today

Little selloff of late in gold is reversing today. now trying to break back over 1500$ US , not so long ago it was trading 20$ higher than palladium.
NOT any more.... today Palladium up $14 as i type , topping 1552$ US, which is more than 50$ per oz higher than gold. Platinum also back  up 12$ today to 940$ and we should see it go thru 1000$ here in the next while as shortages hit there as well. Also with the price of Palladium so high , some carmakers are already looking at switching platinum for palladium. But it is not an easy process and many believe it takes longer than 1 year for change to production. By that time platinum may well be selling at prices similar to Palladium, so i DONOT think the changes will happen at current pricing.
Not sure what the sellers were looking at today, maybe just some technical signals. We do know some entity is using anon to move the stock trading around today.
Comment by goldstd69 on Sep 11, 2019 5:58pm
someone is driving the share price down to get it cheap...way too many week hands in this stock...seldom rallies more than one day and everyone sells...that is why I own just a little...too many weak holders...should be much higher...oversold on most stochastic measures ...jmho
Comment by crow27 on Sep 11, 2019 7:51pm
you have to look back a bit when the same thing was happening in that $12 -$13 range and then it moved to the $13 -$14 range and you get my drift. Now we are in that $15 -$16 range. Absolutly nothing wrong here except we all would like it to move up faster.  The stock will get legs one of these days and then it will all be trading in the $20 range. PDL has kept their full year guidance so to ...more  
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