Ann: Blue Moon Project Update, page-28

From this morning The Australian Trading Day, common Corry pull your finger out and get some action on Greenland assets !!!:

"Palladium hits new peak

Palladium soared overnight to hit $US1,800 an ounce for the first time ever, extending a record run triggered by a stark supply shortfall, while gold fell nearly 1.0 per cent on optimism surrounding a US-China deal that pushed stocks to a fresh peak.

Palladium rose 2.1 per cent to $US1,800.84 per ounce, having hit a record high of $US1,808.81.

The metal has climbed about 43 per cent so far this year.

“There’s just a persistent, continuing shortage of the metal,” said Tai Wong, head of base and precious metals derivatives trading at BMO. “The sharp rally does suggest a correction at some stage but the outlook is robust. Palladium could even hit $US2,000 next year; perhaps even higher, but the path is unlikely to be smooth.”

Gaping supply shortages suggest palladium will cement its price premium over platinum next year, a Reuters survey indicated.

Chiefly used in vehicle exhausts to reduce harmful emissions, platinum is favoured for diesel engines and palladium is preferred for gasoline engines. Platinum fell about 1.0 per cent to $US917.39 per ounce."