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Gold/Mining/Energy : International Precious Metals (IPMCF)
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To: Ed Devlin who wrote (29287)12/16/1997 1:11:00 PM
From: go4it  Read Replies (2) of 35569
 
Ed,

I would seriously question anything that I read these days regarding any of the metals markets. I would have expected Pt to continue dropping with very little in the news about it these days. Pt had the Russian crisis to drive the price up before and I haven't heard anything about that recently. I personally would doubt that a new catalytic convertor material would cause much more than a quick blip in the price if anything at all for a while. As the desert dirts begin to come on line I would expect a significant drop in the price of PGM's if nothing is done to counter the supply.

Regardless of what the naysayers say, there have been enough people that have witnessed the metals coming out of the dirts in massive quantities that it leads me to believe that they will have a devistating impact on the price of all the metals. Yes, they will go into production IMO with a nice profit margin but right now I still believe that the price of gold is being manipulated.
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