Thor, I hope Global's dirt does NOT contain Palladium as it will hurt us.
BULLETIN!!! Palladium Alert!!!!
The palladium market is a precious metals market on the move,
and is now likely to go much, much higher...
Turnover on the Tocom in Japan today 1.45 million ounces was extraordinary.
... significant demand for palladium from the automobile industry
(catalytic
converter needs), the price of palladium keeps rising to ration that demand.
Russia supplies 70% of the market...
Whether they will continue to do so remains a mystery...
... a bombshell which few know about. The U.S. has been quietly
supplying 10% of the markets needs for palladium and that
is about
to run out. The reason is that the U.S. is allowed to sell 200,000
ounces from its strategic stockpile this budgetary calender year which
began October 1, 1999. Doing diligent homework, John Brimelow has learned
that the U.S has already sold close to 194,000 ounces in
the past 2 and
1/2 months. They have little left to sell to hold down the price.
A trade house source confirmed John's investigative work.
Meanwhile on the demand side...that could panic at any time and with
their infinite buying power snatch up whatever the can in the
short term as they need palladium...is liable to cause a
price explosion.
John Brimelow would not be surprised to see $500 palladium
before the end of the year.
Source: GATA
For new readers, the above mention of GATA is as follows.
Bill Murphy, Chairman, Gold Anti Trust Action (GATA) gata.org
Also, GATA related articles can be obtained at the pay for view site.
Bill Murphy, Le Patron, Le Metropole Cafe lemetropolecafe.com |
