Trading High Potential Stocks

Stillwater Mining – SWC is the only United States based producer of Platinum and Palladium. I have recently added two sector overview charts as the PGM, Platinum Group Metals, and Palladium stocks are starting to shape up:

• Platinum Sector Overview Chart
• Palladium Sector Overview Chart

SWC – Stillwater Mining as well as ANO / ARQ.V – Anooraq Resources are trading within a bullish ascending triangle pattern. Both charts look great and seem to be on the verge of breaking out to the upside pretty soon. SWC is the higher priced stock, offers better liquidity and is a well known company. It probably is the better trading vehicle.

Up-to-date SWC – Stillwater Mining chart on my public list.

The breakout might not be imminent but we are getting closer. I will keep a close eye on that one. Chinese car production is on the rise and growth rates in that sector are astounding. Metals used for catalytic converters will be in vogue again if China turns out to be the ‘motor of the world’ as George Soros recently stated in an interview. On the other hand Paul van Eeden’s view on China is not bullish.

Time will tell. In the meantime we stick to the charts.