CNBC reported that Mercbloc president, Dan Dicker, considers palladium his sleeper bet for 2013 especially with its rising demand in the automobile industry.
As quoted in the market news:
“Palladium is an offshoot of the platinum family of metals and is largely used in automobile catalytic converters. It also is used in advanced electronics and some types of fuel cells.There is also occasional use of it in jewelry.
The auto industry has seen a significant gain in sales over the last year. That has led to speculation that production will increase and drive demand for industrial palladium.”
Click here to read the full CNBC report.