The answer to that question is relative to each individuals trading plan and appetite for risk. Speculating on the inverse relationship between palladium and platinum is beyond the scope of my arrogance. In this precious metals bear market I am long precious metals and precious metals mining companies. The irony is that longs or bulls allegedly love bull markets and high prices, and that is most true if longs/bulls took a position in a bear market. As a speculative pm long, I love bear markets/ low prices because it allows me to take a position that I speculate will increase in value. When sentiment is lowest is when the bulls are the most optimistic, and when sentiment is the highest is when the shorts are licking their lips. Recognizing the stages of a market are essential to confidently taking a long position. North american palladium has clearly been in DISTRIBUTION and MARKDOWN since 2011. In 2014 the MARKDOWN continued while the volume and dilution reveal that ACCUMULATION is occurring. In 2015 the stock is still being ACCUMULATED while it is being MARKED UP. The recent price action is the strongest that this stock has seen since the mania of the 2011 pm bull market. The manipulators will continue to jerk this around as they have, its all they know. If you go back and look at my comments on this board last year I was the only long here while the bashers and shorts derided me for buying junk and holding a loser and averaging down, but I called for a 2-3 bagger short term 5-10 bagger long term, and we recently hit 3 bagger off the December lows. I'd suggest watch the insiders closer than the price of palladium. Since 2011 palladium has been mostly sideways unlike the other pms and commodities which were all down hard, but PAL lost 95% of its value. NAP may not be the greatest investment based on fundamentals or technicals, the dubious management, manipulation or possible weakness or bubbles in the palladium market, but I am comfortable speculating here, and will monitor the insiders filings for any execution of their millions of stock options which they granted themselves@ .16 more closely than I will monitor the price of palladium as NAP does obviously not move with the price of palladium. How's that for a run on sentence?
AI
