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Commodities Briefing - Categorized | Metals and Minerals, Trading more

Palladium to jump to $1000 in 2012, platinum to trade 30pct premium over gold

Posted on 16 March 2012

Higher palladium and platinum prices are what John Lee, Chairman of Prophecy Platinum Corp predicted at the Bloomberg Link Precious Metals Conference in New York.
Lee believes that investor demand will be so high that palladium prices will jump to $1000/oz this year, a 30% increase from current levels of $700/oz. On platinum, Lee believes that that the metal could in fact surpass gold once again- by a premium of 20%-30%………………………………………..Full Article: Source


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