The unified interest rate cuts that included a 0.5% reduction in Canada did little to bolster investor confidence early on, but a binge of late day buying propelled the big board into the black by the close of Wednesday trading on the Canadian Markets.
The capitulation of resource stocks continued during Tuesday trading on the Canadian Markets with even cash-rich companies getting dumped by investors.
The Canadian markets showed signs of life for a second straight session as gold and oil plays once again caught the fancy of investors during Thursday trading.
Palladium is looking like it might break out of its horizontal trading pattern and follow gold and silver prices higher. If this heappens, says Jeff Clark, then the biggest gains will come in the shares of North American Palladium (PAL) and Stillwater Mining (SWC) – North America’s two largest palladium-mining companies…
Palladium, the redheaded stepchild of the precious-metals market, looks ready to make a major move.