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Gold/Mining/Energy : Global Platinum & Gold (GPGI)

GPGI 24.07

+2.1%

3:59 PM EST

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To: SnakeInATuxedo who wrote (4037)	10/17/1997 11:41:00 AM
From: Lee Bush	of 14226

Well, here is another factor that may come into play soon: October 17, 1997 NEW YORK (DBC) -- December palladium rose 4 percent Thursday on persistent concerns about the supply from Russia, the world's leading supplier of palladium. Concerns surfaced again amid talk that Almaz, Russia's exporting company, may not be able to negotiate shipments with Japan until the Russian parliament approves its 1998 budget. Negotiations are currently set for December. The budget may not be approved until March or April, raising the possibility that the tight supply situation of last year will repeat itself in early 1998. Traders are buying in fear of low supplies, amid signs of growing demand from car manufacturers. December palladium rose $8.65 to $224.10 per troy ounce on the New York Mercantile Exchange.

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