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    market news

    Palladium spot prices sise on NYMEX

    Melissa Pistilli
    Oct. 08, 2008 09:05AM PST
    Market News

    Palladium Investing News reports the recent credit crunch will slow down the use of palladium in industrial production. Traditionally, investors feel safe buying precious metals when faced with uncertain stock market conditions, but the latest crisis in world markets have caused a ripple of sell-offs as nervous investors fear monetary losses : even “safe” commodities …

    Palladium Investing News reports the recent credit crunch will slow down the use of palladium in industrial production.

    Traditionally, investors feel safe buying precious metals when faced with uncertain stock market conditions, but the latest crisis in world markets have caused a ripple of sell-offs as nervous investors fear monetary losses : even “safe” commodities such as precious metals have been subject to this downturn, and a strong dollar generally has a negative impact on precious metal values. Today, renewed investor confidence in precious metals showed a trend toward “safe” precious metals investing, and a movement away from investing in unstable stocks, bonds and various currencies.

    For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to the Resource Investing Newsletter.

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