July 4th 2011
North American Palladium: ‘Aggressive’ Growth Ahead
“A looming supply shortage stands to push palladium prices sharply higher over the next couple years, and North American Palladium (PAL) is sitting on one of the world’s biggest deposits,” notes Nathan Slaughter.
The editor of Street Authority Market Advisor explains, “The company has several promising gold mines under development that could soon produce over 80,000 ounces annually.
“Believe it or not, there are only two mines on the planet that yield palladium first and foremost — it’s a by-product everywhere else. And one of those mines belongs to North American Palladium.
“The Lac des Iles (LDI) site in Ontario, Canada, is a geological treasure trove. The mine spit out 95,000 ounces of palladium last year. And expansion projects underway will soon have that total rising swiftly.
“Production rates are forecast to climb 75% this year to 165,000 ounces. From there, they will ratchet up to 190,000 ounces in 2012, 200,000 in 2013, 220,000 in 2014, and 250,000+ thereafter.
Tags: American Palladium, North American, North American Palladium, Palladium
Viacom was one of the content owners that pulled its channels from Time Warner Cable’s iPad app recently. This combined with its changing stance regarding Hulu points to the growing friction between content owners and those companies involved in distribution through new streaming platforms like Netflix, Hulu and now tablets. As the landscape changes for delivering content, we expect to see Viacom along with competitors like News Corp, Time Warner CBS and Disney position for a greater share of the revenues and benefit from providing content to through these new channels.
Google Inc. (GOOG) has been trending lower over the past few months and has now put in an inside day. An inside day is simply a day where the range is contained within the previous day’s range. What I like about inside days is that they sometimes lead to nice trending moves over the next 1 to 3 days. The last inside day that GOOG had was on June 9th and you can see the sell off that took place over the next day or so. On May 3rd we had another inside day but as you can see there was no follow through. In my experience inside days seem to work about 60% of the time which isn’t bad when you consider that most things in the market do not work. When you combine an inside day with the current trend and trade the breakout in that direction, the odds of success improve to about 65%. Being that GOOG is in a down trend, I will be watching for this stock to take out the low of the inside day for a possible short entry. Today Google Inc. (