Palladium Dropping Lower and Lower

Bloomberg reported palladium may decline an additional 7.8 percent, according to technical analysis by TD Securities Inc.

As quoted in the market news:

Prices may drop to $600 an ounce in the next few weeks after yesterday falling below the 100-day moving average for the first time since early January, a move some investors view as a signal for further declines, Osborne said. The measure is near $667. The metal is also below its 55-day and 200-day averages, adding to the bearish signs, he said.

Click here to read the full Bloomberg report.