....In my portfolio:
With precious metals soaring, palladium miner SWC is trying to break out of its recent range.
Last year I made nice coin in this stock; however this year has been a different story. I'm up on my most recent purchase (3.31 basis?) but lost a bunch buying palladium futures at $390 or so. They tanked right after I got long, all the way to nearly $170 before rising steadily back to around $370 today. Unfortunately, I dumped mine at $226 or so and went with an ill-advised short S&P 500 position in my futures account this summer. Oh well.
The bull argument for palladium is simple - with gold making historic highs, palladium remains relatively cheap, still some 35% off its 2008 high of $579.
Whatever. I'm all but burned out from trying to apply rational analysis to financial securities. I was drawn initially to the economic nature of stock markets, but have concluded that they are nothing but pure casinos - at least now anyways.
I think I have some Jan 15 SWC calls buried in my account. Hey, I still have two months left....one just never knows.
Though anywhere near $15.00 a share and I turn those puppies into synthetic puts in a heartbeat.