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Re: bundyelvis post# 845

Wednesday, 07/25/2012 5:34:53 PM

Wednesday, July 25, 2012 5:34:53 PM

Post# of 935
If you sold at break even or better, that's a smart move. After looking at the chart, it'll probably move up more but the risk is too great, IMO. Nice bounce up today, but don't know how much more it'll bounce.

This morning's PR on production is good news and in-line with 2011 production for palladium. However, when SWC hit 25 in 2011, the spot price for palladium was 873/ounce. It's 565 right now and appears trending lower. Plus, SWC took on a pile of debt after the 2011 high, expanded into copper and gold (still hasn't seen any profits from that move yet), and there seems to be some legal problems with mining in Argentina.

I might be too cynical, but releasing those production figures before earnings call seems to be a play on SWC's part to attract investor interest before some really crappy numbers come out.

Wondering if I'm going to get out of this with any profit or if I'll be looking for the bottom to average down.