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View Full Version : Russia Seen Running Down Govt Palladium Stockpiles



Agbug
06-13-2008, 12:04 PM
http://www.tradingmarkets.com/.site/news/Stock%20News/1683349/


Russian state palladium stockpiles may be depleted in one to five years if the government continues to sell to global markets at the current rate, Anton Berlin, the head of Russian mining giant OAO Norilsk Nickel's (GMKN.RS) department for analysis and market developments, said Friday.

Russian government sales of palladium doubled last year judging by various industry estimates, such as those of U.K.-based chemical and catalyst manufacturer Johnson Matthey PLC (JMAT.LN), Berlin said.

zartan
06-13-2008, 02:41 PM
that is great news for those foolish enough to bet on the future. once they stop unloading on the market we will start to see a supply side demand on the price. just hold , wait and be patient. good luck everyone!

Nibby boy
06-13-2008, 06:45 PM
I need to buy more. I have probably been focusing a bit too much on silver.

infolode
06-13-2008, 07:07 PM
I need to buy more. I have probably been focusing a bit too much on silver.

You won't be sorry buying palladium at these levels. It won't, however, rocket overnight.