Mostly: Classical

[amarksp]

palladium still the hated metal..., All precious metals to go higher except palladium....
http://www.miningmx.com/radio/

"miningmx.com] --Analysts will be forced to change their price targets for gold and platinum which were likely to punch through $500/oz and $1,000/oz respectively before the year-end, said Paul Walker, executive director of GFMS, a UK consultancy.

"We might see the economic realities kicking in earlier than anticipated pushing gold up toward $500 before the end of the year showing that its likely that we might have to revise our price targets," said Walker in an interview on Classic Business.

In the year to date, the gold price has gained 8.3%, and 13.7% over the last 12 months. In rand terms, this has converted to a gold price high of R100,000/kg putting spring into the step of local gold shares.

Platinum has shown similar gain. It notched up $939/oz at the time of writing. Gold remained solid in the $475-478/oz range.

Increased speculation occuring in both the gold and platinum markets could be "offset" by the trade occuring on the 'Over The Counter' market, thereby creating a safety net for the market, said Walker.

Commenting on the palladium market, Walker said there was less reason to be optimistic. "Palladium is difficult to call. The palladium stocks are quite large, but there is no definitive answer. We will struggle to see the same upside," he said.

Commenting on the basket of metals, Walker said: "The trend over the next three to four months is definitely higher."