watched Paul Eros Novacyt business development director on Ian King live (catch-up on Sky). All very positive stuff for NCYT re seeking approvals which appear to be imminent. Talks about the sensitivity and accuracy of the test that has been developed by them. Test result within two hours, though developing a faster test. Also reducing false diagnosis. Over 30 countries have made enquiries for their product. Clearly a first class product from a leading company in its field.
may well be held back by the sudden drop in demand from China, but should gather momentum once the Corona Virus is beaten. Should quite easily break through the £1 level when the impending results are released.
iShares Physical Palladium ETC (SPDM.L) up 5.47% this morning. Quite possible for Palladium to reach $3,000 in the next couple of months before falling back??
are expected to be up over the next few days. Money is piling back in after the big sell off. Copper futures are showing up etc... I would expect Sylvania to be swept upwards as well, especially on the profits shown in the last RNS. Palladium etc on a roll again.
listed shares are kicking off quite strongly this afternoon, including the big Chinese listed companies; may lift some of the doom and gloom that's about!
out my remaining Palladium holdings this morning on the bounce, maybe a bit of a dead cat after yesterdays fall. Still holding the Sylvania shares as its position is different from that of the ETC SPDM. Platinum looks as if it can still go further. I've included a link for an interesting site with many drop downs which include forecasts for each coming quarter. https://tradingeconomics.com/forecast/commodity
Those that have not read it the J M PGM Market Report of May 2019 gives very clear info re Palladium supply / demand difference over several years. Also covers many other aspects of precious metals in a concise manner.
took a large wedge out of my ETC SPDM Palladium holding, as it may well go down the other side of the parabolic curve. Though reading through all available info it looks as Palladium must keep rising in price. Not sure what will happen next, but don't wish to be caught out. I may have to open another bank account, the present one is nearly full !!