Car Sales Crashes Palladium Price

- May 13th, 2010

Palladium’s price reign as compared to platinum for over four years may come to an end due to fewer purchases by investment funds and China’s fewer car-sale incentives.
According to J.D. Power Automotive Forecasting in Oxford, England, there is a drop of 8.7 percent in q3 from q2 of 2010 in China’s auto sales while 2.6 […]

Palladium’s price reign as compared to platinum for over four years may come to an end due to fewer purchases by investment funds and China’s fewer car-sale incentives.

According to J.D. Power Automotive Forecasting in Oxford, England, there is a drop of 8.7 percent in q3 from q2 of 2010 in China’s auto sales while 2.6 percent from 26 percent in the U.S. sales growth.

Peter Sorrentino of Huntington Asset Advisors in Cincinnati is quoted saying:

“People should make sure they’re the first out of the exit and not the last. This is one market where there’s been a lot of speculative activity and money coming in, and if demand slows, it will lead to a correction.”

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