North American Palladium(AMEX:PAL)- PGM Producer Message Board

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

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To: GeoDude who wrote (838)	1/11/2001 10:26:56 AM
From: Bruce Robbins	Read Replies (1) of 976

Spot Pd up this morning while March contract down. Here is what the Jan 11 UBS Warburg daily report had to say: thebulliondesk.com PLATINUM GROUP METALS – Comment: Palladium, and to a lesser extent platinum, moved higher yesterday as evidence of a nasty squeeze in pgms grows. Throughout the climb in the palladium price in 2000 palladium fwds remain essentially unmoved. Not so in 2001, already rates have moved strongly higher and we would expect palladium rates to continue to firm whilst spot liquidity remains depressed. Platinum rates have moved a little, but as in the spot market, the driver of this pgm rally is palladium rather than platinum. View: Russian shipments will determine the price action of palladium over the next few months. If shipments do not resume within the next week or two then the price could head much higher. Platinum is being held at the current levels by the strength in palladium. Although both metals should remain firm through 2001, it is hard to see the current levels maintained (especially palladium) once this likely temporary delay in Russian shipments resumes.

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