Like it?? It gets better....It touched 450 today after hours!!
Well, the thing is that palladium is an extremely rare metal, so there are not too many palladium plays out there. And unlike gold, palladium is widely used in industry, namely the automobile industry. I guess the huge car sales in China kinda help!!
SWC happens to be the largest miner in North America.
PAL is a smaller, more diversified miner. This little guy has had a parabolic move up and still refuses to give up!
PAL had a nice move up today and is on 52 week highs and SWC didn't have a similar run today inspite of being a pure Palladium play which PAL isn't. As you can see in the chart below, the two stocks tend to move together with PAL being more volatile of the too. It wouldnt be wrong to expect SWC to play catch up tomorrow.
Let me know if you have any other nice picks for tomorrow!
Update: Here's the real time link for Palladium in case any of you decide to play it