'No doubt about that although it could back test the high 60's before spiking again, once back tested then we should/could see 86c by the end of the week. It's difficult to say with PLA as palladium production leverage is much and demand and very very limited in supply'.
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Well the back test was completed. I'll stick to my original target of 86c by the end of the week although with Lewins presenting to retail and mining analysts in London this week it's reasonable to expect a considerable influx of new investors seeking leverage to palladium, so little choice exists that the bids will more than likely go in 'at market'. The liquidity issues being still a relatively small cap stock could be very significant so although I'll stick with the 86c by the end of the week it's possible that the situation could get completely out of hand and could potentialy prove explosive.
Should be interesting.
PLA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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