Considering the available liquidity (close to 0.5 million pal only), and the huge sell mine of over ten million pal at 1.0 Steem, when the total suppy is just at 12 million or so, it makes sense to just buy pal at this point. Though it seems people are catching up to this and the price is reaching towards parity with Steem quite fast. Seems to be at 0.45 right now.