Platinum, Palladium Prices Will Recover With Surging Car Sales

Hedge fund managers are liquidating their losing positions making this an opportune time to scoop up cheap commodities, said James Cordier, author of 'The Complete Guide to Option Selling'. Cordier added the fund managers are cutting their losses as the strong dollar has hit gold, oil and agriculture prices. He said palladium and platinum are his favorite precious metal plays because of the growth in automobile sales, which are being helped by a growing economy and low interest rates. Cordier said gold will also stabilize because a growing global economy will lift inflation in 2015.