Houston Lake Mining [HLM-ASE] Message Board

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Gold/Mining/Energy : Houston Lake Mining [HLM-ASE]

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To: DRT who wrote (307)	3/6/2000 8:20:00 AM
From: WWS	Read Replies (2) of 364

Don't miss the article in this morning's WSJ-online about the Palladium situation. Auto industry is absolutely dependent on PD due to decisions about catalytic converters made 5 to 7 years ago. And now we're getting increased use of catalytic converters on SUV's and light trucks w/heavy trucks to follow soon. Each car uses about 1 oz. of PD, and price surge of the metal has added about $100 to the vehicle price, with the automakers "eating" the rest of the recent price increase of the metal. WSJ does not expect the situation to change soon due to the monopolistic and secretive control of the dominant Russian supply source. Good news for producers/explorers of the rare metal (and holders of PD coins) is bad news for consumers. interactive.wsj.com

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