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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: teevee who wrote (5579)2/8/2000 7:50:00 AM
From: Gord Bolton  Read Replies (2) of 7235
 
Monday February 7, 1:55 pm Eastern Time
ANALYSIS-Politics behind Russia precious metal dearth
By Sebastian Alison

"A Russian economist based in Moscow agreed the silence was not a deliberate ploy to keep markets in the dark and keep prices high, but rather reflected central bank secrecy over how it used its reserves.

``There is talk, as I understand it, that the central bank's palladium is not accounted properly on its balance sheet,' he said.

All information on production and exports of platinum group metals is officially a state secret in Russia, and Norilsk only ever announces production data in terms of percentage changes from the previous year, without giving absolute numbers."

biz.yahoo.com

Hey there teevee, I know that you are kind of a worldly guy. What do you make of the central highlighted portion of the above article?

Also given what we know about the shape of the Russian economy (bartering using vodka and cigarettes) just how much production do you think is happening over there.

I heard that the boys who were responsible for the big nickel mining operation invested the cash in Australian nickel latterite operations.

And if Inco can substitute nickel for Pt/Pd/Rhodium why is nickel at $4.00 per lbs. and

kitco.com

Something is really wrong with the picture here. Could you explain in a little more detail please.
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