Precious Metals: “Secrets Exposed. Burn After Reading. “

IBTimes reported gold and silver retreated as palladium and platinum rose today.

As quoted in the market news:

The noble metal palladium (still our favorite medium-term play) partially benefited from recent robust GM and Toyota car sales figures coming out of China and partially from the replay of the story that Russia’s state-owned palladium reserves are running out. In late October a Ministry of Finance official told the media that 2011 is likely to be the last year during which Russia will make any “substantial” palladium deliveries from its state-run Gokhran depository.

Click here to read the full IBTimes report.