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Gold/Mining/Energy : Pacific North West Capital Corporation-PFN on Alberta
PFN 7.330-0.8%Dec 12 4:00 PM EST

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To: russet who wrote (1514)5/5/2000 7:45:00 PM
From: koan  Read Replies (2) of 2255
 
Thanks for the info russett. Well I don't know what to think. But if the PGM's plummet it won't bode well for RV, I don't think. So far though the PGM's are holding pretty well in the face of all the scary Russian stories.

There has been a closing in price between PT and PD, but I am not sure if that makes a difference. I guess its a matter of whether SA can increase Pt production easier than Russia can increase PD production - otherwise it seems like 6 of one and half a dozen of another I.e. auto companies substituting PT and rhodium for pd. They still all need PGM's.

As long as PT stays close to $500 and PD stays there too, things should be Ok I would think; and there seems to be great support at those levels. Anything above those levels is icing on the cake me thinks.

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