Huge Gains Still Expected For Palladium and This ETF (PALL, WITE, PAL)

Precious Metals

ETF Daily News.com reports that there is speculation that the rise for Palladium is far from over.

ETF Daily News.com reports that there is speculation that the rise for Palladium is far from over.

The editorial is quoted as saying:

One of the obvious precursors of significant price appreciation is a shortage of supply, and this development appears to be in the pipeline at this time.  For starters, the enormous overhang of a multi-decade surplus of Palladium in Russia is now thought to be virtually exhausted.  Secondly, as the primary demand for the metal is related to its use in the exhaust systems of vehicles (catalytic converter), the demand shortage scenario now appears inevitable with the projection of increased car production not only in the United States, but also China and India

To access the full editorial, click here.

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