Precious Metals Report: “Franc-ly Our Dears, We Do Give A Damn…”

IBTimes reports that palladium continues to move up regardless of gold’s dive down today.

The market news is quoted as saying,

Palladium bucked the trend, rising $2 to open near $763.00 per ounce. Rhodium appeared immune to the turmoil and remained bid at the $1,850.00 per ounce level. News from South Africa had Zimbabwe’s President Mugabe saying that he expects foreign firms (mining ones among them, of course) to fully cooperate when the planned switch in ownership stakes in local operations eventually takes place. Mr. Mugabe also said that there is a plan afoot to establish a state mineral exploration firm that will gauge the size of the country’s wealth that resides underground.

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