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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.09-0.1%Nov 6 4:00 PM EST

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To: energyplay who wrote (35992)6/23/2008 10:29:44 PM
From: carranza2  Read Replies (6) of 217554
 
Might wish to reconsider considering this from B'berg on 6/12:

bloomberg.com

The metal [palladium] rallied after Russia's OAO GMK Norilsk Nickel, the world's biggest producer, said its stockpiles of the metal may be ``depleted'' in one to five years as the government reduces its holdings.

Whoa there!

Since palladium market fundamentals are very tight, any cutback from Russian palladium may mean an extremely significant disruption in the market

unctad.org

That's a lot of Pd off the market soon. The one to five year window probably means a year or two.

Considering S. African production problems and PAL's new, and very fruitful, discoveries, it seems that PAL is in a potentially very nice position from a long term perspective. And presently cheap. If the Russian supply dwindles, as it appears it will, palladium will take off.

biz.yahoo.com
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