Poor economy downplays fundamentally stable Palladium

Palladium Investing News reports palladium price has been hit hard with the poor economy.

With bleak economic prospects on the horizon, over the next six months, prices of precious metal palladium will likely be near 12-year lows of $125 an ounce. The world’s top platinum refiner Johnson Matthey estimated in an interim review that the palladium market would be in surplus by 320,000 ounces this year compared with a surplus of 1.655 million in 2007.

For complete story, click this link. Follow developments in resource mining and exploration for free.Sign on to The Resource Stock Watch.