Rack up gains from the “Commodity Carry Trade”
by Travis Johnson, Stock Gumshoe | June 5, 2009 11:32 am
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Bought in Nov. and wish I had bought more. I believe in the short term it will go to aleast 14 and will continue to hold, after all, it is a precious metal. And I am now playing for free. Good article shoe.
Another great play. Bought Oct 2.50 calls in Apr. for 2.25. Now over 5. I’m a retired dentist and have worked extensively with palladium in prosthetic restorations. This really expanded in the late 70s and early 80s when the price of gold made gold restorations prohibitively expensive for many patients. Yes, I am an old timer, retired in 1986. But my interest in precious metals and the market has not diminished. Gold and platinum are headed up again, making palladium the metal of choice where feasable. For what it’s worth,I feel there is a lot more upside and minimal risk. Invest wisely, Herach.
found this while doing some research:
BILLINGS, Mont. (AP) — An official at Stillwater Mining Co., which sells platinum and palladium for use in automobiles’ catalytic converters, says the company is monitoring the General Motors bankruptcy to see if Stillwater-GM contracts will be honored.
Stillwater Mining spokesman John Beaudry says all the palladium and 70 percent of the platinum produced by the company’s mine near Nye, in south-central Montana, is committed for filling contracts with GM and Ford.
With GM facing a sweeping reorganization, Beaudry said Stillwater could be hurt if its contract is modified as the automaker’s case moved through U.S. bankruptcy court.
Stillwater, which has offices in Columbus east of Billings, last month reported a first-quarter loss of $11.6 million on revenue of $85.8 million.
beastie rope a dope palladium https://www.youtube.com/watch?v=XtdKvEpl-Uo