2000: Y2K Civilized Discussion Message Board

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Technology Stocks : 2000: Y2K Civilized Discussion

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To: John Hunt who wrote (525)	9/7/1999 6:47:00 AM
From: John Hunt	Read Replies (1) of 662

Millennium bug fears creeping into metals << Metal market players have hedged their bets over possible millennium related supply disruptions, making some year-end metal derivatives more expensive and creating growing tightness in metal forward prices. Analysts said concern over the Y2K problem mostly affected metal markets with their tight supply mechanisms, while dealers in agricultural commodities had less to fear due to large market surpluses. ``Clearly there is some real concern about disruptions to (metal) supplies, whether it is actual physical disruption or whether there are issues in the settlement and banking system,' said Kevin Crisp, vice president of foreign exchange and commodity research at investment bank JP Morgan. U.S.-based commodity trading house, Cargill Inc's South African subsidiary already planned to avoid commodity trades in the country between December 15 and January 15 because of worries over Y2K. >> ... cont'd at ... biz.yahoo.com

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