PALLADIUM: It May Again Become The Most Precious Metal

By I. M. Vronsky, Editor & Partner – Gold-Eagle (In 2001 palladium reached $1,080/oz when gold was only $300/oz and platinum $715) Three factors will help fuel palladium to surpass its 2001 high…and well beyond: China Auto Production, the looming palladium Supply Deficit and the exemplary success of the newly created Palladium/Platinum ETFs. CHINA’S AUTO PRODUCTION The [...]

Palladium to the Moon & PAL to the Sun

By John Townsend, The TSI Trader Many investors are aware of the price movement in gold and silver of late, but have you looked at Palladium?  Palladium has exploded right past the entire field of commodities along with the little sister of Gold, which is Silver. Both precious metals have logged sizzling 80%+ gains, year to date.  [...]

Palladium’s Future Shines Even Brighter

Sol Palha submits: The steeper the mountain the harder the climb the better the view from the finishing line -Anonymous Palladium was the underdog of the precious metals sector for a long time, because for the most part it hardly received any attention. In the last few months this all changed and with the introduction [...]

New ETF will claim to have gold, silver, platinum, and palladium

9:15p ET Monday, February 8, 2010 Dear Friend of GATA and Gold: Another exchange-traded fund for precious metals was announced today, this time by ETF Securities USA for a fund that will claim to gold, silver, platinum, and palladium all together. The Dow Jones story about it is below. The fund’s registration statement filed with [...]

Palladium: The Bullish Case Now Looks Even Stronger

Mark Anthony submits: Russia’s Norilsk Nickel Mine (NILSY.PK) is the world’s largest nickel mine, with its by-product, palladium, accounting for 45% of the world’s production. Recent termination of Russian government palladium stockpile sales, due to depletion of the stockpile, is just one of the reasons why palladium has extremely bullish supply/demand fundamentals, and why palladium [...]

Platinum, palladium ETFs to begin trade in U.S. Friday

By Frank Tang, Reuters NEW YORK — ETF Securities Ltd’s first U.S. platinum and palladium exchange-traded funds, set to be launched on Friday, are expected to attract a rush of investment dollars into a highly liquid U.S. market. ETFS Physical Platinum Shares (PPLT) and ETFS Physical Palladium Shares (PALL) will begin trading on the NYSE Arca [...]

Weekly Market Recap 10/23/09

ScotiaMocatta, the precious metals division of the Bank of Nova Scotia, said on Thursday that gold prices could rise to a high of $1,400 an ounce in 2010 as investors turn to the metal as a store of wealth, as reported to Reuters. The unemployment rate has been increasing at an alarming rate, yet the [...]

Norilsk H1 profit down 84%, beats forecast

Norilsk Nickel, the world’s largest nickel and palladium miner, said on Monday lower metal prices pushed first-half profit down sharply, but the results beat analyst forecasts. Net profit attributable to shareholders fell 84% year-on-year to $419-million, above an average Reuters poll estimate of $349-million. Read more….

Weekly Market Recap 10/16/09

Gold hit another record high this week, as the yellow metal moved above $1,070.00 per ounce. “There’s lots of concern about the weakness of the dollar, and this had been driving gold,” said Peter Fertig, owner of Quantitative Commodity Research to the financial website Bloomberg.com. “The fear that central bank exit strategies will come too [...]

Silver Prices Soar in NY and London

Despite ending lower on Friday, silver prices blasted off this week with London silver surging 8.8 percent and New York silver soaring 9 percent. To the numbers… New York silver futures for December delivery closed Friday at $17.69 an ounce, jumping $1.46 from last Friday’s close of $16.23. London silver roared ahead $1.42 on the [...]

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