Thursday, April 15, 2010

Palladium plays - PAL, SWC

Palladium has been on a roll for the past one years dear readers (see chart below). Two ways you can play Palladium is PAL and SWC, perhaps the only North American Palladium producers. Unlike Gold, Palladium actually has widespread industry use (automobile industry) and is a rare metal. I was all over these stocks in January, when I started this blog. I have started playing them again recently and on strict orders from the benevolent Stock Gods, they have been treating me well so far. PAL was up on great volume today. Wait for a low volume pullback if you are a swing trader and thinking of getting in or a break to new highs if you are a momentum trader. Palladium does look a bit over extended, so waiting for a little pullback might not be such a bad idea.

Take care and good luck!

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