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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 230.84

-0.7%

Dec 31 3:59 PM EST

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To: Victor Lazlo who wrote (125377)	5/21/2001 10:35:46 PM
From: craig crawford	Read Replies (2) of 164684

The simple fact is the precious metals contain unique characteristics which cannot be replicated with other materials. Why do you think platinum & palladium took off so violently? Of course it always has to do with supply, and there were supply concerns from Russia, but a large part is the growing demand for automobiles around the world. Not only that but people have to have their giant SUV's which need larger catalytic convertors. When you have tightening supplies of a particular material (like gold is experiencing), and some new application comes along which could spur demand, it can tip the scales in the favor of the bulls and start a run. Some people said Buffett was buying silver because of potential use in fuel-cells when it ran to almost $8 briefly. Then there was the talk about platinum in fuel-cells and that helped contribute to multi-year highs. (Platinum was also being substituted for palladium due to it's own price explosion to $1100/oz.) Have you heard about those new gold fuel-cells they are developing these days? <g>

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