Player's Club Speculative Futures Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Player's Club Speculative Futures

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GROUND ZERO™ who wrote (150)	2/5/2000 11:19:00 AM
From: John Pitera	Read Replies (2) of 185

So now we just hope that the FedEx Plane does not go down in a crash landing -g- What do you think about that big move in Gold yesterday.? Platinum and Pallidium of the precious metals complex are in pretty impressive demand induced bull moves. John ---Pgm's continue their drive higher with little fresh news but a very tight supply/demand situation. New record highs were again scored for palladium while the nearby platinum contract reached its highest level since 1990. Spot platinum is commanding about a $30-35 premium to the April futures reflecting acute supply tightness resulting from the lack of Russian exports for about 1 year. Demand has been strong for palladium from the auto sector. There were also concerns that the U.S. might require sport utility vehicles to meet the emission standard for automobiles which would lead to further pgm demand.-------- One-month lease rates for platinum were reported up to 80% this week from 40% last week. It has been reported that South African platinum producers Anglo American and Impala were running at full capacity and cannot increase exports. Chairmen of Norilsk Nickel, Yuri Kotlyar, said that Acting Russian President Vladimir Putin would sign the platinum export quota decree within 10 or 20 days perhaps sooner. Norilsk also said that platinum exports could reach the market by February. The expected arrival of Russian platinum exports should result in a more balanced supply/demand situation and lower platinum prices. Russian marketing patterns will be especially important to prices.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next