Palladium prices increased on Thursday alongside gold prices, though the gains were dampened somewhat by declining oil prices and strengthening dollar. For full story, click here
Solitario Exploration & Royalty Corp. reported major new platinum-palladium (“PGM”) drill hole assay results that expand previously defined mineralization on its Pedra Branca project in northeastern Brazil. Chris Herald, President and CEO, stated: We are particularly pleased with these results as the higher grade Curiu deposit has expanded to the north and southwest. For more information, click [...]
Palladium futures for December delivery fell $3.60 to settle at $288.25 an ounce as dollar strengthened against the Euro. For more information, click here
The demand from the consumer needs to take off if palladium is going to gain any footing in the industry. The question is whether or not the industry is up for the challenge.
Even with the current price drops and uncertainty surrounding when they will make a turn around, some are still bullish about precious metals in the long-term. Given the recently doom and gloom headlines regarding the American economy, an end to the downward slide could be in sight.
Palladium ETF’s, which were enjoying healthy growth in the first six months of 2008, could be in trouble due to recovery of the dollar. For more information, click here
Palladium for June delivery in Tokyo gained 4.6 percent to close at 1,016 yen a gram ($287 an ounce), the biggest gain since Aug. 6, on expectations that rising inflation will increase demand of the commodity. For more information, click here
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Friday, August 29, 2008