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Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer

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To: Sleeper who wrote (797)12/14/2000 7:02:58 AM
From: Bruce Robbins  Read Replies (2) of 976
 
Well, Pd is back up this morning according to Kitco. Whether GM is "jawboning" or not it doesn't matter. There is no non-palladium autocatalyst and it will take them until 2002 to put the next autocatalyst in place. The only substitute I know of for Pd is Pt and both Pd and Pt are produced from the same mines. If the price of Pd goes back to $500 an ounce we are still winners with PDL...

Maybe GM is trying to shake the Russian tree, but from what I hear, Putin did some work on palladium at some point in his career. He seems to know what he is doing as he hasn't killed the market yet <g>...
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