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Stifel Bullish on Platinum, Palladium (PAL, SWC, PLM, AQPTY, PALL, PPLT, GLD)

Posted by Jason Smith at 9:21AM on November 12th

Stifel Nicolaus hiked its platinum and palladium forecast this morning. The analyst sees palladium, the less costly of the metals, to rise to $900 per ounce in 2012 — that’s about 30% higher than current prices — and named North…

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Platinum and Palladium Stocks Enjoy Precious Metals Rally (ANO, PLM, NILSY, AQPTY, PAL)

Posted by Jason Smith at 2:10PM on October 25th

The dollar continued its recent decline on Monday, sending hedges in the precious metals space higher. Platinum and palladium, which are used in the production of automobile exhaust components, have also gotten a boost from China’s booming automotive market, which…

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Platinum and Palladium Stocks Surge Amid Commodity Rally (PPLT, PALL, AGPPY, AQPTY, AAUKY)

Posted by Jason Smith at 2:42PM on September 1st

Palladium futures spiked by more than 3% on Wednesday, driving a rebound rally in the mining sector. Societe Generale analyst David Wilson told Bloomberg that the metal has strong supply and demand fundamentals. Wilson pinned today’s rally to Chinese manufacturing data,…

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South African Politics Stirring Mining Confusion (PLM, IMPUY, ANO, AQPTY, PLG, PPLT, PTM, GLD, SLV)

Posted by Jason Smith at 3:35PM on August 19th

Platinum and palladium could be headed higher, according to Bloomberg coverage of remarks by J.P.Morgan fund manager Ian Henderson. The report notes concerns over South African rule changes that have stalled production at some mines. “My anxiety is in the South…

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Equity Sell-Off Shakes Speculators From Platinum Shares (ANO, PAL, AQPTY, PLG, SWC, AGPPY, IMPUY, PALL, PTM, PPLT)

Posted by Owen Vater at 10:30AM on May 20th

Platinum and palladium miners got beat up on Thursday as the commodities fell to levels unseen since February. Bloomberg credits the sell-off to concerns that Europe’s debt crisis will continue, which the report notes could potentially soften demand for metals. JP…

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Laggard Sectors See -15% Weekly Losses (WATG, TXIC, CYD, CAAS, CWS, CELM, AMCN, PLG, AGPPY, AQPTY)

Posted by Jason Smith at 11:48AM on May 7th

Stocks were painted in red again on Friday, and after dramatic sell-offs earlier this week the five-day numbers are pretty ugly. A look at tickerspy’s one-week performance rankings shows that only one of our more than 250 proprietary sector-based stock Indexes…

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Platinum and Palladium Shares Rocked In Equity Sell-Off (SWC, AQPTY, PAL, NILSY, ANO, IMPUY, AAUKY, UUP)

Posted by Jason Smith at 11:51AM on May 4th

Greek debt worries spurred a -200 point slide by the Dow Monday, and investors bailed out of mining stocks in droves. The dollar rallied against global currencies, lifting the PowerShares DB US Dollar Index Bullish ETF (UUP), but it took a…

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Will Waning Jewelry Demand Slow Platinum’s Recent Rally? (PLG, AQPTY, SWC, GG, ABX, NEM)

Posted by Jason Smith at 1:16PM on April 26th

Platinum and palladium miners extended their recent rallies on Monday, widening the gap on one of Wall Street’s favorite hedges. Earlier this month, we noted Credit Agricole’s bullish sentiment for the metals as Chinese auto demand grows and the country’s…

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Forget Gold, China Wants Platinum (PAL, SWC, ANO, NILSY, AQPTY, ABX, GG, KGC)

Posted by Jason Smith at 12:24PM on April 14th

Investment bank Credit Agricole told Bloomberg that platinum and its cheaper alternative palladium will outperform gold as the more practical precious metals earn Chinese demand. Gold is arguably “yesterday’s jewelry,” analyst Robin Bhar explained, and Chinese consumers want “the latest fad.”…

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Platinum Miners Fly As Underlying Commodity Trades Flat (PAL, AQPTY, SWC, AAUKY, PLM, PLG)

Posted by Owen Vater at 1:04PM on February 1st

Select platinum and palladium miners are surging today as gold advances on a pullback in the dollar. Platinum, which has practical value in the production of exhaust components for gas-powered vehicles, and its cheaper alternative palladium are trading flat at…

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