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Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer
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To: FooFooTheSnoo who wrote (487)2/25/2000 8:47:00 AM
From: Sleeper   of 976
 
FooFoo, your point is well taken. The scarcity of minable Pd is evidenced by the out of balance supply-and-demand equation, resulting in the severe price volatility. Further, the inability of any other major producer of Pd to rapidly increase their production (save for NAP) speaks volumes. It was with great ease the Russian Mafia cornered the market. By comparison, the Hunt brothers were unable to corner the Silver market in the '80's, due in part to the relative abundance of that metal. And perhaps most telling of all, the article I recently referenced concerning GM's inability to wean itself from Pd usage in catalytic converters means the market will remain tight for some time to come.

Sleeper
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