Trade Precious Metals

Palladium

Platinum, palladium forecasts cut on oversupply, soft demand: Reuters poll

Analysts and traders have cut their forecasts for platinum and palladium prices after they underperformed gold and silver in the first quarter, as supply of the metals remains ample in the face of lackluster demand from jewelers and carmakers. Respondents to a Reuters poll of 31 analysts and traders said

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This precious metals ETF is worth a closer look

Most precious metals, with the exception of silver, have struggled so far this year in U.S. dollar terms. In non-dollar terms results have been better given the rise in the dollar. Much of this struggle is linked to the possible increase in U.S. interest rates. As interest rates rise, it

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Palladium Price Weakness Drags Down Precious Metals Worldwide

Without major central bank actions, precious metals will continue to fall in Q2 and possibly longer. The decline that began in February has taken hold and looks to be a long-term trend that won’t end, based on market forces alone, for some time. The monthly Global Precious Metals MMI® registered

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Palladium drops to 1-yr low, Gold price at lowest in one week

Palladium fell to its lowest level in over a year on Monday afternoon London trading, while gold continued to build on losses amid gains in the dollar. Palladium was last seen at $723/7728 per ounce, down $14 for the session and down to its lowest level since February 2014. The

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African Thunder restarts Smokey Hills

The troubled Smokey Hills mine once owned by Platinum Australia has been restarted by African Thunder Platinum, which is owned by Canada’s Aberdeen International and Pala Investments. Macquarie Bank will soon become a shareholder in African Thunder, which will own 69.75% of the Smokey Hills mine and concentrator nestled in

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Some Investors Pull out of the Palladium ETF

With the strong dollar plaguing prices for some precious metals, it is not surprising that investors are parting ways with some exchange traded funds backed by physical holdings of gold, silver and related fare. Palladium ETFs, including the ETFS Physical Palladium Shares (NYSEArca: PALL), have not been immune to that

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Palladium ETF’s Moment to Shine

While the gold and silver have been flagging, palladium is looking much more polished, with the bullion-related exchange traded fund now testing its long-term trend. The ETFS Physical Palladium Shares (NYSEArca: PALL) was up 1.5% Monday, trading above its 200-day simple moving average. PALL has increased 6.0% over the past

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Pontiac mine site deemed worth a second look, this time for palladium

Miners gave up on a site in the Pontiac back in 1951, convinced there was nothing worth taking. But that was before the price of palladium hit $800 an ounce. And rising. Now a Montreal company called Sphinx Resources is back, investing more than $1.3 million for the right to look for palladium on Grand Calumet

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Palladium Flying Under the Radar

When it comes to precious metals, gold and silver typically garner all of the market’s attention. Not many investors are focused on platinum and even less keep up with palladium. But over the last few years, palladium has outperformed its precious metals counterparts despite remaining under the radar of many

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Palladium to outperform in 2015 as platinum deepens losses: Reuters poll

Palladium is poised to outperform again in 2015, with prices seen rising six percent even as the wider precious metals complex struggles, a Reuters survey showed on Tuesday. Palladium’s sister metal platinum is facing a third year of losses, however. Respondents to a poll of 32 analysts, traders and other

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Palladium ETF to Enjoy Another Year of Strong Fundamentals

The palladium-related exchange traded fund could shine this year as low gasoline prices and cheap bank loans help attract more new automobile buyers. The ETFS Physical Palladium Shares (NYSEArca: PALL) has only increased 1.1% over the past year but could begin to pick up momentum in 2015. The palladium spot

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Palladium Is Rarer Than Gold and Now Rarer Still

America’s renewed love affair with the automobile is tightening global supplies of palladium, a metal rarer than gold. While each car requires only a few grams of palladium, demand in 2015 will probably exceed supply for a fourth consecutive year, according to Johnson Matthey Plc, a maker of catalytic converters

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The Best and Worst Precious Metals ETFs

Among all that glitters, the palladium exchange traded fund is outperforming while silver ETFs have been the most tarnished in the precious metals group. The ETFS Physical Palladium Shares (NYSEArca: PALL) has increased 8.9% year-to-date, leading the precious metals pack. The palladium spot prices is currently hovering around $780.8 per

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Platinum market deficit seen at 885,000 oz in 2014-WPIC

The platinum market is expected to see a shortfall of 885,000 ounces this year, a report by the World Platinum Investment Council (WPIC) estimated on Wednesday, as a strike in major producer South Africa reduced supply. The above-ground stocks of the metal that have helped cushion prices from the impact

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Holdings of South African Palladium ETFs top 1 million ounce

Combined holdings of the two South African palladium exchange-traded funds launched in March reached more than 1 million ounces last week, accounting for more than 40 percent of global palladium ETF reserves. Data from the funds showed on Monday that Standard Bank’s Johannesburg-listed AfricaPalladium product now holds 569,838 ounces of

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