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Palladium Stocks

Palladium highest since 2011; Gold near 15-week low

Palladium rose to the highest since August 2011 after South African mining companies and a labor union failed to reach an accord to end a pay strike. Gold fell to a 15-week low as Russia said it will respect the vote for Ukraine’s new leader. Palladium has risen 13 percent

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Platinum, Palladium Rise on Supply Fears; Gold Eases

Platinum and palladium each rose 1 percent on Tuesday on the back of lingering supply worries as South Africa sent more police to the strike-hit platinum belt to protect miners after four were killed returning to work over the weekend. Gold prices, meanwhile, eased 0.1 percent as investors digested news

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Platinum and Palladium Dive as Strike Turns Violent

The price of platinum slid and sister metal palladium dropped back below the $800 an ounce level on Monday after a deal between the world’s top producers and workers who have been on strike for 13 weeks drew nearer. On the Comex division of the New York Mercantile Exchange, platinum

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Platinum and Palladium Prices Fall

The price of platinum lost more than $20 an ounce and sister metal palladium dropped 3% on Monday despite an ongoing strike at three top producers and strong investor interest. On the Comex division of the New York Mercantile Exchange, platinum futures for July delivery – the most active contract

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North American Palladium Stock Falls 8 Percent

North American Palladium saw a big move last session, as the company’s shares fell nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for PAL, as the stock is now down

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Copper and Palladium rise as Gold and Silver ease

Another positive day in the stock market contributed to another down day for most precious metals, with a $3 drop in spot gold prices to $1,242 per ounce corresponding to a 0.2% decline in SPDR Gold Trust. Silver’s equally minor nickel-per-ounce drop to $20.20 sent iShares Silver Trust down 0.1%, but

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ETFS Physical Palladium Shares breaks below 200-day moving average

In trading on Thursday, shares of the ETFS Physical Palladium Shares ETF (AMEX: PALL) crossed below their 200 day moving average of $71.01, changing hands as low as $69.95 per share. ETFS Physical Palladium Shares shares are currently trading off about 2.6% on the day. The chart below shows the

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North American Palladium says it can’t explain share drop

North American Palladium Ltd. (PDL), the operator of the Lac des Iles mine in Ontario, said it’s not aware of any reason for the 27 percent plunge in its share price two days ago. Flash Player 9 or higher is required to view the chartClick here to download Flash Player

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Gold trades near one-month low on outlook for stimulus reduction

Gold traded near a one-month low after a four-day losing run as expectations that the U.S. Federal Reserve may soon begin to scale back stimulus reduced demand for a store of value. Bullion for immediate delivery was at $1,269.01 an ounce at 9:01 a.m. in Singapore from $1,268 yesterday, when

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Platinum and Palladium could be the trade of the decade

As readers of Investment Contrarians are probably well aware, precious metals have been hit hard this year. Along with the drop in the price of precious metals, mining stocks have also significantly declined in price. However, I think we might be entering a period of increased demand that should see higher prices for the

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Impala, Amplats Study $3 Billion Zimbabwe Platinum Plant

Impala Platinum Holdings Ltd. (IMP), Anglo American Platinum Ltd. (AMS) and Aquarius Platinum Ltd. (AQP) are studying building a $3 billion platinum and base metal refining complex in Zimbabwe, an industry group said. Together the companies are considering jointly building a smelter, a base metals refinery and a precious metals

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North American Palladium Announces US$130 Million Debt Financing from Brookfield

North American Palladium Ltd. announced financing to fund the Company’s ongoing expansion of its Lac des Iles (LDI) mine in Ontario. “We expect that these financings will enable us to complete the first phase of our LDI mine expansion and establish our operations for improved financial performance in 2013 and

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Platinum and Palladium: Two Unconventional Precious Metals To Consider

Many investors in the precious metals sector have been disappointed with the significant decline in prices this year. Precious metals mining stocks have fared even worse than the commodities, with massive drops in share prices. An area where many investors make a mistake is in portfolio diversification. I have mentioned this many

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Gold Jumps to 3-Week High Amid European Concern; Palladium Drops

Gold climbed to the highest in three weeks as concern that Europe’s debt crisis may intensify boosted the appeal of the precious metal as a haven. Palladium slumped the most in more than four months. Lawmakers in Cyprus today voted to shoot down an unprecedented levy on bank deposits, a key

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Barclays Forecast Deficit For Palladium Market at 681koz For 2013

Barclays forecast deficit for the palladium market remains sizable at 681koz for 2013, and the market is set to remain in deficit, should mined and recycled supply not be supplemented with stock releases. “We retain our positive view on the palladium market and believe that it has the most constructive

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