Frank McAllister, CEO of Stillwater Mining (SWC), would call palladium a Cinderella Metal. I agree with him not only on the reasons he cited but more importantly because palladium (Pd) really is a very romantic fairy tale metal that breaks several known physics laws, literally. I am not a crackpot theorist trying to overthrow modern science. Let me explain why palladium defied several physics laws.
First, palladium defies the oldest known physics law, Isaac Newton's gravity law. The Russians have accumulated a large strategic stockpile of palladium since the Soviet Era; they have been selling off the stockpile ever since the late 90s. In 2000, a rumor that the Russians may stop the government sale caused a global market panic and drove the price up to $1100 a troy ounce. In the chaos, Ford (F) and GM (GM) purchased large amount of palladium right at the top of the price. The Russians promptly resumed export of the stockpile palladium. The global market was flooded with a huge surplus of palladium supply, and the price collapsed, forcing Ford to write down a $1B loss as a result. The price bottomed in 2003 at $142. It's the law of gravity in the economy of supply and demand: When something is over-supplied, the price has to fall.
The Russians continued to sell about 2 million ounces from the stockpile per year, on top of mine production. Global mine production was roughly 7 million ounces a year. So the total supply was about 9 million ounces while demand was only 7 million ounces. So in a huge surplus situation, the gravity law says the price must continue to fall. That was the conclusion of Allan Williamson in 2003. He was non-reservedly pessimistic in prediction that palladium price should continue to fall, due to continuing massive oversupply condition.
But palladium defied gravity and rallied off the $142 bottom of 2003, pushed toward $400 and proved Allan Williamson as well as all other metal analysts wrong. Why was it so? It really shocked me and forced me to research why it defied gravity, and I found many good reasons why. One of the reasons is, as shown on this futures chart, palladium open interest dramatically increased starting in the middle of 2003. Some strong hands started to hoard all the excessive palladium because they saw some huge potential in the future. These are not speculators. They have a firm belief in palladium's future, and have been driving price up in the past few years. One of the potential is increased demand of palladium used in jewelry, like in China. But it's way much more than that. I also came to realize that the Russian stockpile is not an infinite supply. It will come to an end. We will then see a structural deficit in palladium.
Palladium's many emerging usages relate to the fact that it defies another physics law. It is a solid metal, but it absorbs hydrogen gas, and lots of it. Palladium can absorb up to 900 times its own volume of hydrogen. It also absorbs deuterium, a heavier form of hydrogen with an extra neutron in its nucleus. Palladium's absorption of deuterium is extremely important that I will talk about later.
Since palladium absorbs hydrogen, that makes it very useful. Like platinum, it can be used as a catalyst in many important industry chemical reactions, like oil refinery and fertilizer production, synthetic fiber etc. It is most widely used in autocatalysts to reduce air pollution.
Palladium is also used in hydrogen purification. Both platinum and palladium can be used as a catalyst in fuel cell batteries, a red hot industry sector being developed. There are already hydrogen fuel cell vehicles being driven on American roads, and hydrogen refueling stations in New York and Shanghai. Commercial hydrogen fuel cell vehicles will come to the mass market next year. There are also miniature fuel cell batteries, called Direct Methanol Fuel Cell [DMFC], being developed for mobile electronics, like cell phones, laptop computers and digital cameras, providing extremely long lasting battery power;such consumer fuel cell devices will also go to the mass market beginning next year. This will be a great hit because who wouldn't want a cell phone that does not need recharging overnight? See the Fuel Cell Today web site for lots and lots of exciting news stories about fuel cell, and Platinum Today for any news related to PGM metals.
The point is all fuel cells must consume PGM metals as catalyst. So that will be a booming demand to drive PGM metal prices to crazily high levels, which will definitely help the stock prices of North American Palladium (PAL) in the long term.
Coincidentally, the middle of 2003 was a pivotal point for SWC and palladium. Palladium price bottomed in mid 2003 and rallied strongly up, defying gravity. Strong hand investors suddenly become interested in palladium in 2003, and open interest in the futures market boomed. Russian Norilsk acquired 54% stake in SWC, with the blessing of the Bush administration, thus dominating more than 50% of the global palladium market, and Mr. Craig Fuller, former White House Chief of Staff to the senior President Bush, was elected to the Board of Directors of SWC. Also in that year, President Bush started to pitch hydrogen economy to the nation, and tried to get America weaned off of dependency on Middle-East oil. r.
There was also another coincidence in the year 2003 that few people, except maybe the palladium strong hand, noticed; there were experimental breakthroughs reported in the field of Cold Fusion, a 1989 science discovery that was too quick to be denounced as science hoax and be dismissed. The repeatable new experiments re-ignited the science community's renewed interests in Cold Fusion. The research activities boomed.
That brings us to the last and most shocking deed of our fairy tale metal, palladium in totally defying the ultimate physics law, the modern quantum mechanics and nuclear physics. The textbook of physics says that nuclear fusion, where two deuterons fuse into one helium nucleus, releasing tremendous energy doing so, could not happen at room temperature, because the positively charged deuterons will expel each other. You must pack the deuterons to high density and raise to extremely high temperature and let the nuclei smash into each other at high speed in order to fuse them together against the Coulumb Barrier. How could it be possible at room temperature?
But palladium defied the known physics and proved scientists wrong. Palladium absorbs 900 times its own volume worth of deuterium. When driven by an electric current, the heavily packed deuterium atoms within palladium, with the catalyst of the palladium crystal lattice, was able to fuse and release huge amount of energy. The experiments were done, repeatedly, by the US NAVY researchers and hundreds of other research groups worldwide. Excessive heat and energy was measured, helium was detected, neutron release detected and some experimental instruments blew up, a successful failure that proved there's huge energy released. There are also amazing YouTube videos showing the effect of cold fusion. See the video series The War Against Cold Fusion, part 1, part 2, part 3, part 4 and part 5. Read all about cold fusion on LENR-CANR web and on New Energy Times.
The business of science is that when experiments are done, repeatedly, defying the theory, it must be accepted as real science and the theorists must scratch their heads to come up with some new physics to explain the experiments. Beginning in 2007, the American Physical Society conducted dedicated Cold Fusion sessions in their March Meetings. They will continue to have Cold Fusion sessions again in March 2008. Cold Fusion is gaining footstand and is being accepted by the main stream scientific community as a legitimate science.
It's relevant because cold fusion must use palladium. A success soon in commercial cold fusion products, as claimed by private companies like D2Fusion, or by a Russian scientist, will provide humanity with virtually inexhaustible new energy from the ocean water, and overcome the Peak Oil Crisis altogether. But it will also drive the palladium price to an unimaginably high level. A residential cold fusion device of the size of a washer machine, containing just 1/10 of an ounce of palladium, will provide your whole family's energy need for the life of the house and you never have to pay for electricity, natural gas or winter heating ever again. How much are you are going to pay for it? I am willing to pay $100K for that device containing 1/10 ounces of palladium. That figures to a palladium price of ONE THOUSAND TIMES the current gold price.
You would be very glad that you have hoarded some palladium. You would be even happier that you invested in PGM producers SWC and PAL if cold fusion happens. You would, however, regret that you invested in high flying solar companies like First Solar (FSLR), which uses an extremely rare metal tellurium to make solar panels; the business will probably break down due to a tellurium shortage crisis. You would also regret that you followed the mob and invested into expensive and red hot solar players like Akeena Solar (AKNS), Applied Materials (AMAT), Ascent Solar (ASTI), BTU International (BTUI), Canadian Solar (CSIQ), China SunEnergy (CSUN), DayStar (DSTI), Evergreen Solar (ESLR), Hoku Scientific (HOKU), JA Solar (JASO), LDK Solar (LDK), SolarFun (SOLF), SunPower (SPWR), SunTech Power (STP), Trina Solar (TSL), MEMC Electronic Materials (WFR) and Yingli Green Energy (YGE), a whole bunch of names which were once hot, but are going nowhere selling expensive solar panels when governments cut down spending and eliminate solar subsidies. If you were chasing those fly fliers you may have missed the real alternative energy gems, SWC and PAL. Frankly, the whole solar energy sector will not provide us much energy, and will become obsolete when we have virtually inexhaustible cold fusion energy.
So if you are really interested in an alternative energy play, the absolutely unbeatable future winners will be the little heard about SWC and PAL, due to fuel cell technology and cold fusion development. I would suggest buying these two stocks while they are dirt cheap. I often like to compare SWC in 2007 to Southern Copper Corporation (PCU) in 2003. PCU was barely profitable in 2003 and the stock was flat for 8 years, but it was the best time to get into PCU as it was poised to go on an incredible rally on the copper bull.
You also need to contact your Congressional Representatives and Senators, and the President. Urge them to fund and support the cold fusion research and speed up the adaptation of a hydrogen economy, and wean us of the dependency on fossil fuel. Cold Fusion is the best and last hope we have to acquire an abundant alternative energy source to replace the quickly depleting fossil fuels, saving us from the Peak Oil Collapse. For the sake of humanity's future, and of course for the sake of our own prosperity for those of us invested in SWC/PAL, we'd better hope that Cold Fusion will be a beautiful dream come true!
Palladium is really a magical and romantic fairy tale Cinderella Metal which humanity cannot live without. It works silently in the catalyst converters of our cars to reduce air pollution; it works in water treatment factories to clean our ground water to save our environment; it provides fuel cells so we can drive pollution free, high energy efficient hydrogen fuel cell cars; it may also provide cold fusion energy to replace our fossil fuel energy sources. It's nature's best gift to the human race. We should cherish it.
This Thanksgiving, I had a lot to be thankful for; high on that list is the existence of this magic metal, and for that I finally learned the facts about the metal, 18 years after I first heard about Cold Fusion in 1989. I am thankful that America is still the world's best country and I wish our prosperity will continue into the future.
Full disclosure: I am heavily invested in SWC and PAL, and I have short positions in FSLR and may also short other over-priced solar players. I hoard palladium metal and tellurium metal.
Related Articles
|
This article has 28 comments:
- GH
- 99 Comments
Nov 26 09:14 AMWhy does SeekingAlpha continue to support this drivel?
- Bipolar_Trader
- 2 Comments
Nov 26 10:41 AMThe author of this article, who goes by multiple IDs has been widely known as a MAJOR SPAMMER especially for the stock SWC. Just go see the Yahoo Stock message boards for SWC.
He uses the IDs of ii2000426, tellurium_investor, jj2007pd46,
silverbutter, and a few others on Yahoo. His main ID was jj2000426 which he deleted once it was clear other posters were exposing his horrific results by referencing his old posts there. He is known by JJ on the boards and from his blog.
He uses multiple IDs to make posts, reply to himself, and rate his own posts.
So one basic question has to be asked before listening to a poster like this.
What legitimate person finds the need to delete old IDs?
Further, what legitimate person has the need to maintain multiple IDs to actually reply a further pump up threads?? (And yes, I actually have proof of threads where he talks to himself but forgets what ID hs is on.) Here's one:
messages.finance.yahoo...
He has pumped and SPAMMED numerous boards, blogs, and even a church blog for SWC for the past year. The stock has gone nowhere. JJ bought into SWC at around $16... yes $16!! It has moved over 60% against him. This guy has ZERO risk management, no clue how to actually invest and yet, here he is, dispensing advice.
He got in to NEW (mortgage company) early this year and incessantly pumped it. Every other day, he was "laoding up" on the stock or "backing up the truck." Needless to say, NEW went BANKRUPT (see NEWP). In addition, he now finds himself stuck in FSLR. He has been short since about $100 and currently FSLR trades over $200.
According to his own admissions, almost 100% of his portfolio is invested in 2 stocks in a small niche sector (PAL, SWC). Would any one of a sound investment mind, put all their money into just one sector??
Look, all I am saying is BUYER BEWARE. This is a post by an investor, and I use that term loosely, who is unethical and most his positions (SWC, PAL, FSLR) have moved over 60% against him. He also bought into at least one stock that I know of, which went bankrupt.
I have been monitoring him on the many Yahoo boards he posts, to warn unsuspecting readers.
If you want more information, contact me on one of the above mentioned boards; unlike JJ I use the same ID as I use here.
- rzld36
- 3 Comments
Nov 26 09:30 PMEveryone needs to do their own DD and good luck to all.
seekingalpha.com/artic...
- fizzicyst
- 1 Comment
Nov 26 02:51 PMThe statement "must consume PGM metals as catalyst" is both redundant and an oxymoron. A catalyst is a substance that facilitates a chemical reaction without itself being affected; that is, without being consumed.
- Mark Anthony
- 291 Comments
My Website
Nov 26 02:56 PMstockology.blogspot.co...
I recommend that you start with
stockology.blogspot.co...
and then follow all the link you can find.
This web site tells you some palladium usages:
www.palladiumcoins.com...
Platinum Today should be a daily read:
www.platinum.matthey.c...
So is Fuel Cell Today. Lots of exciting fuel cell news every day:
www.fuelcelltoday.com
And FuelCellsWorks:
www.fuelcellsworks.com...
I encourage people to go to my blog and ask questions and leave comments there.
- bushman
- 3 Comments
Nov 26 05:56 PMpalladium certainly is a cheap alternative for a platinum group metal, and research is ongoing in finding ways to replace some of the more expensive metals, however sadly for you physics seem to hinder a bit.
more i was surprised to find cold fusion mentioned here, what blog is this? wil we suddenly make gold from lead also now that we are in nearsurfacenuclearphys...
did you actually read the findings of the DOE on the workings of these so called NEW FOUND proof ??
i am flabergasted by your sugestions, or did i miss something?
www.newenergytimes.com...
it actually just proof that there ait aint any truth behind them...sorry
- vboring
- 88 Comments
My Website
Nov 26 06:16 PMIf you believe the cold fusion scientists, they claim the process can be done using a variety of more common metals, not just Pd. And the process will open the door to the transmutation of elements, devaluing rare metals, including Pd.
If you believe more traditional scientists, cold fusion is impossible, so the Pd market won't be effected.
So, the best case scenario is that there will be a breakthrough in a taboo field of science, that this breakthrough process will be constricted to Pd use only despite the claims of its supporters, and that devices will be brought to market based on the process despite a pervasive and very reasonable public fear of all things nuclear, especially the ones that nobody can explain.
This is strike two, Mark Anthony. Maybe you should stick to your own blog, instead of spreading crazy all over seeking alpha.
- Mark Anthony
- 291 Comments
My Website
Nov 27 03:59 AMThere are many bullish factors in Palladium. Cold fusion is just one. I meantioned jewelry demand and fuel cell, which are absolutely real and nothing un-scientific. So even if you do not believe cold fusion, it is safe to bet that emerging palladium demand will continue to push the metal price up. Cold fusion is of course a very beautiful dream if it can come true. If you understand Peak Oil, you will really hope that cold fusion is real.
If some folks worked on it for 18 years and I know those are not metally ill people, and I know even American Physical Society starts to believe them, then I'd better believe them as well!!!
- Skeptical of your pseudo-science
- 1 Comment
Nov 26 07:31 PM- Mark Anthony
- 291 Comments
My Website
Nov 26 09:17 PMI gave tons of links in my main article but unfortunately you did not check out any of them. You need to read this to know solar is not a good solution:
users.aims.ac.za/~mackay/oomm.html
You need to read this, as a Russian scientist claim he will present a 100KW working cold fusion device by August 2008. It's not decades away:
www.hindu.com/seta/200...
I must point out that even as cold fusion is continuously being suprpessed in the USA, the research is surely getting support in other countries and the progress can not be stopped. We will only lag behind others if we do not hurry up in cold fusion research.
Watch the 5 parts video series "War Against Cold Fusion":
www.youtube.com/watch?...
- Mark Anthony
- 291 Comments
My Website
Nov 26 09:09 PMI deliberately put cold fusion at last but I guess it's shocking effect still masks all other points I made. Is cold fusion real or a complete hoax? On one side, we have thousands of scientists from hundreds of research groups worldwide doing it for 18 years and they say it is real, the experiments are real and done repeatedly. On the other side you have a few people from DOE spent a few days looking at cold fusion, and and rejected it on a few nitpicking things, and you know these DOE folks have a vested interest to keep their multi-billion dollar hot fusion research funds going on, even though the field is not going any where. Which side do you believe?
To believe that cold fusion is a hoax, you have to believe that all those cold fusion researchers have come together to form a giant conspiracy to cheat the whole world and created one of the biggest hoax, for no benefit whatsoever. I would rather choose to believe that cold fusion is indeed real but it was a supressed real science, due to some vested interest by the power that be. i.e., the big oil interest and the vested interest in keeping the hundreds of billions of dollar going for for hot fusion and nuclear weapons study.
Watch the 5 part video series "War Against Cold Fusion". The links are given in the article.
SWC/PAL are very very very good long term plays, just on fuel cell alone, if you don't believe in cold fusion. If cold fusion is real, then you can not find a better investment than palladium!
- vboring
- 88 Comments
My Website
Nov 27 11:33 AMTo believe that cold fusion is a hoax, all you have to do is look at the history of unfulfilled promises of demonstrations.
- Mark Anthony
- 291 Comments
My Website
Nov 27 06:00 PMCold Fusion experiments are hard to repeat, otherwise it would have been quickly accepted in 1989. However the experiments are repeatable and over the years the repeatability of experiments have been greatly improved. Even the main stream science community now starts to look at cold fusion as a legitimate science.
To believe cold fusion is a complete hoax, you would have to put all thousands of scientists from hundreds of groups all over the world into one giant conspiracy group, and now you have to invlude APS itself as well, since APS sponsored the cold fusion sessions. That is way too much a stretch. I would rather believe that experiments are hard to do so you can not guanatee to get result 100% of the times.
It is understandable why cold fusion experiments are hard. Intensive energy release from nuclear fusion would destroy and melt portions of the palladium electrode, stopping the process from going on. You need to find the right balance where the fusion does not happen too fast and heat is quickly lead away so the lattice structure is preserved to allow the process to continue.
In any case, the endorsement of APS is really a very great deal. APS itself knows about it, so it wouldn't conduct cold fusion talks in the first place unless there is sufficient reasons to believe the experiments are real.
- DNsam
- 1 Comment
Nov 26 10:36 PMI read that and I think: Holy cow, those cold fusion scientists want us to think that palladium creates anti-gravity now! Then I come to:
"...palladium defied gravity and rallied off the $142 bottom of 2003, pushed toward $400..."
Eh, say what? Last I checked Newton's Law of Gravity was that two objects with mass attract each other based on the inverse square of their distance from one another.
I'd much rather have an article about palladium hover cars, at least that would fun to read.
Needless to say, I think this article is bunk.
- User 125696
- 1 Comment
Nov 27 07:11 PM- Twitcher
- 3 Comments
Nov 27 11:05 PM- PAL O MINE?
- 3 Comments
Dec 04 02:31 PMI don't buy the cold fusion angle right now, but there are two major bullish aspects that could make PAL a good LONG term investment:
1.) A massive, multi-decade increase in Chinese auto production may mean a steadily rising demand for palladium. North American Palladium's 2006 annual report says that they mine approximately 5% of all annual world production of Palladium.
2.) Jewelry. Palladium seems to have caught the attention of major watch makers and jewelers, some of which plan to market palladium jewelry as a cost-efficient alternative to similar white gold and platinum products.
As a 'kicker', PAL also produces gold, platinum, copper and nickel, all of which are or have been in multi-year bull markets due to strong demand by BRIC nations and other developing countries.
Personally, I'd wait to see PAL bottom out (hopefully before $3.00 is reached) and then begin to manifest signs of an emerging uptrend before acquiring shares. The stock might also be a good 'dollar cost averaging' play for committed long-term visionaries. Do your homework before buying or selling ANY stock or commodity.
On the other hand, if PAL is such a good investment, then why has is steadily plummeted from the $12.36 high (on 5/7/07) down to the low-$4 range, and in less than seven months? That's the most disturbing aspect of this stock right now. I like the company, its long term business prospects, the global fundamentals for the products they mine, etc. But I don't like the recent price action in the stock, so I will wait for a safer time to enter.
- drsteph
- 1 Comment
Dec 05 05:31 PMI may be an accumulator, and I certainly enjoyed the plummeting price last few days to pick up some at a pleasant price - I would love to have waited to $3 and will certainly pick up some more there, but who knows if we will ever see it? I certainly can't see any rhyme or reason the way this thing trades short term and am making a long-term, structural bet. If I'm right, I'm right. If not, so be it.
Last thing - Marc, your incessant yahoo posting doesn't really add to the discussion. Sorry if you are short term underwater on this puppy, but I don't think what you are saying is particularly helpful. More like a discussion that belongs on an OTC BB stock. Its your article, so feel free to disagree.
- Mark Anthony
- 291 Comments
My Website
Dec 04 08:27 PMYou should notice that since my article was published, both the platinum and palladium metal prices have gone UP. See:
www.kitco.com/charts/l...
www.kitco.com/charts/l...
And both metals go up big today.
The fundamentals of PAL lies solely on the metals. We are seeing better fundamentals but the stock is defying fundamental as well as defying LOGIC. This irrational market behavior can not continue and will not continue. So buy while PAL is dirt cheap.
The fact of the matter is metal prices will continue to go up. And PAL will start to make money. It now has a riduculously low price/sales ratio, so once the metal becomes profitable it will have a super low P/E ratio. Would it still trade at super low price when PAL starts to make money?
It's a virtually guaranteed double or triple from here in less than 6 months, I don't understand why people do not want to buy here?
- PAL O MINE?
- 3 Comments
Dec 04 08:58 PM- Mark Anthony
- 291 Comments
My Website
Dec 16 09:10 PMLooks like the worst of PAL sell off occured on Dec. 11th, exactly one day after the secondary offer was priced. Day trade volume of PAL reached an un-precedent 8M shares that day, and the share went to as low as $3.40 and closed at that price.
That really looks like the bottom and the stock price has been going up and trade volume was fading quickly, indicating that the sellers are really drying up. Mean while the PGM metals are making new highs. See
www.kitco.com/charts/l...
- Mick Weinstein
- 16 Comments
Dec 31 02:33 AMI have looked at the article, and I am not convinced that Pd will have a particularly bright future, any more than any other rare metal The point he makes about fuel cells requiring PGM metals is incorrect - there are organic films that also perform as the role of proton filters and I suspect these will be used rather than Pd structures. The fact that Pd can absorb 900 times its volume of H is interesting, but this is not enough to make it a viable storage medium because of its cost. The absorption gives the H a density in the Pd of almost exactly the same value it has in liquid hydrogen - a peculiar coincidence I believe, although there may be some fundamental reason for this. We know that fusion does not occur spontaneously in liquid hydrogen, and I am confident that it is not easily induced when the hydrogen is in a Pd matrix either. I did a quick look at current thinking on "cold fusion", and I still believe it is voodoo science - lots of claims but no reproducible or credible results. - As you said, mining stocks obey their own rules, so it may be a good investment regardless, but I am not inclined to jump on the band wagon.
- Mark Anthony
- 291 Comments
My Website
Jan 11 02:08 AMI came from a physics background, too. There surely are researches going on trying to replace PGM metals as catalyst in fuel cells but not much success to report so far. PGM is still the standard in fuel cells. As for cold fusion, recent success has caught enough attention that American Physical Society actually sponsored two cold fusion conference sessions during the 2007 March Meeting. That's a huge deal.
meetings.aps.org/Meeti...
meetings.aps.org/Meeti...
If APS hold the same opinion that cold fusion is voodoo science they would NEVER have done that, furthermore APS itself rejected cold fusion 18 years ago and they now come back to re-exam the issue. That should really make every one thinking.
No one expect cold fusion in liquid hydrogen: The temperature is too low, and the hydrogen atoms are too dis-organized. However when they are packed into the lattice of the palladium metal, there might be some organized multi-particle correlation that allow the deuterium nucleus to bounce into each other.
In any case, if an experiment shows that nulear fusion does occur, you can not deny it just because your theory can not explain it. That's how science is developed. Hundreds of researchers worldwide spent 18 years continuing the research, if they have not seen successful experiments themselves they would never waste 18 years of their time like that. Many of the researchers were very reputable and skeptical about cold fusion to start with, until they became convinced themselves by the experiments.
So it is unfair to call these people who spent 18 years research something they believe real as doing voodoo science. I have heared plenty of crackpot theorists, but there is no such thing as crackpot experimentalists. If the experiments are real then it's real science.
Time to buy some PAL and SWC stocks, for the sake of recent precious metal rallies.
- biggditch
- 1 Comment
My Website
Mar 09 09:56 PMTHANKS
BIGGDITCH
- Yaowarat
- 6 Comments
Apr 02 08:27 PM- Mark Anthony
- 291 Comments
My Website
Apr 30 03:00 AMPGM Bull Markets
Scott Wright February 29, 2008
www.zealllc.com/2008/p...
Scott puzzled on the same question that I puzzled upon and he presented his own view point. The question is how could palladium rallies so much in recent years, in light of the seemingly market over supply condition. As we now know, the palladium market today is no longer over-supplied, but in short supply, due to the depletion of Russian stockpile and South African electricity crisis. Read one of my latest articles:
seekingalpha.com/artic...
- butlerbuster
- 13 Comments
Sep 10 06:11 PMThis same author has claimed that platinum is made in heaven (because it comes from the Cosmos) and Diamonds in Hell from high temperatures, (formed in heat and pressure in the Earth).
Never mind that Platinum and all heavy metal elements were formed in stellar explosions many thousands of times hotter than diamonds see while formed.
Now we take rank scientific ignorance, coupled with the worst kind of science free fantasy, and call it worthy to show up on an investment forum site?
This is beyond absurd.
- butlerbuster
- 13 Comments
Sep 10 06:16 PMAnd fully in keeping with the scientific 'credibility' of an author who believes in cold fusion. (And presumably, bigfoot, alchemy, tooth fairies, and alien abductions).