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Strategies & Market Trends : Aardvark Adventures

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From: ~digs	4/14/2010 12:04:57 PM
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Palladium is by far the biggest gainer among the New York-traded precious metals Wednesday morning after comments from a leading producer about expectations for a long-term deficit in the market. Nymex June palladium is up $22.45, or 4.3%, at $544.25 an ounce. "The trigger for the rally was due to comments from Anglo Platinum Ltd. that the global market for the metal may be in deficit for much of the next decade due to the combination of increased industrial demand and the depletion of Russian stockpiles," said Leon Westgate, a base-metals analyst at Standard Bank in London. Since there is much less trading volume in palladium than in, say, gold, the metal is often more volatile than other commodities. online.wsj.com

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