I agree that global commodity prices are suppressed at the moment due to the slow down in western economies caused by the bank crisis and the apparent slow down in China caused by their continual book cooking.
Its hard to tell which tho so Im looking to invest in one of the large mining stocks diversified in them all.. probably BHP Billiton or Rio TInto
The value of palladium is linked to the sale of cars with catalytic converters. Which is a dying industry, its also only mined a biproduct of other ores like gold and copper. So when the value of gold or copper goes up they mine more of it regardless of demand and its value goes down.
I agree that global commodity prices are suppressed at the moment due to the slow down in western economies caused by the bank crisis and the apparent slow down in China caused by their continual book cooking.
Its hard to tell which tho so Im looking to invest in one of the large mining stocks diversified in them all.. probably BHP Billiton or Rio TInto
The value of palladium is linked to the sale of cars with catalytic converters. Which is a dying industry, its also only mined a biproduct of other ores like gold and copper. So when the value of gold or copper goes up they mine more of it regardless of demand and its value goes down.