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Palladium to Rise

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Company: North American Palladium (PAL)
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  Palladium to Rise

With the accumulation of gold by the Chinease government and their soon to open exchanges for gold and silver in Hong Kong in June, their efforts to move the Rimendi to the international reserve currence is on its way. While the dollar will continue to have that promenance in the major industrial countries, its value due to too much float will diminish as commodities such as oil begin to slip out the back door and are purchased with other currences that will be backed with gold. Silver as a cheaper hard currency of more portability and of industrial utility will rise, driving up the price of palladium and platinam. When the Chinese with a population ten times that of the United States starts using catalytic converters to reduce smog from all those cars that are being put on their roads, the white metals will rise.

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