Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Cogito Ergo Sum who wrote (8972)	3/6/2002 5:27:43 PM
From: Louis V. Lambrecht	of 36161

Kastel & SWCers had to search a while but found this in the FT. globalarchive.ft.com But Ross Norman, with a forecast of Dollars 429 an ounce, argues so little palladium is now traded in the formal markets that prices arrived at, for example the London afternoon fixing, do not necessarily tell the whole story. Buyers are more likely to go off-market and sign a private long-term agreement with a Russian supplier. "These days so much is transacted off-market that the fundamentals don't really apply," he said. "The Russians have it in their power as the key producer to withhold metal, and they have signalled that they hope to achieve a price corridor of Dollars 400-Dollars 600 an ounce." Hope the Russians will succeed. <vbg> As soon as I posted this link on a yhoo group, palladium jumped $15. Spread the word and help inflating the bubble.LOL. Well, it worked for bert and his post about NEM this morning. Message 17158147 Maybe we should start a cheerleaders club and have our pog-pog girls.

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