InvestorsHub Logo
Followers 154
Posts 45965
Boards Moderated 1
Alias Born 01/01/2005

Re: 1jk1 post# 12115

Tuesday, 05/19/2015 4:17:06 PM

Tuesday, May 19, 2015 4:17:06 PM

Post# of 39360
$GCEI> Strong US Car Sales Good for Platinum, Palladium Prices

http://palladiuminvestingnews.com/8763-strong-us-car-sales-good-for-platinum-palladium-prices.html (dated)

In case you missed it.

COMMODITIES: Start the car (below)


http://www.financialmail.co.za/moneyinvesting/2015/01/29/commodities-start-the-car

PALLADIUM could be the metal to watch this year, because economic recovery supports automobile manufacturing and purchases.

The metal is used in autocatalysts in petrol vehicle exhaust systems to scrub out noxious gases. So any upturn in the automobile sector, particularly in passenger cars, implies increased demand for palladium.




The platinum price is forecast by Ross Norman at bullion broking firm Sharps Pixley to average US$1,268/oz this year and to range between $1,480 and $1,120. “The good news for platinum is that global car sales continually surprise to the upside, though we remain concerned about easy credit for vehicle purchases in the US and the rising delinquency rates on those loans.




Go GREEN with Global Clean Energy a Enviromentally Friendly Waste 2 Fuel & PGM (Platinum-Group-Metals) Auto Catalysts Recovery Company




#Visit> http://www.globalcleanenergy.net






glta





"Everything i post is only my opinion"