Palladium was the only precious to be on the positive track on Monday, as the equity rally deteriorated the flight to safe haven investments. Palladium’s near term outlook remains bleak, as reports from Europe said that car registrations dropped 18 percent in February.
Exchange Traded Funds that deal in the precious metals have been seeing an increase in business, lately. ETF Securities said on Monday the amount of metal it holds to back its Physical Palladium exchange-traded commodity PHPD.L rose 12,628 ounces or 8 percent in the week to Feb. 6.
Palladium producers can not survive without meeting their costs of production and hence, do not produce again until that point is reached. For fdull story, click here
Palladium prices almost have to go up at some point because producers simply aren’t profitable right now. This could also make palladium producers a good investment when you consider how much of a discount they are currently selling at. For full story, click here
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