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Gold/Mining/Energy : Cartaway resources

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To: Zardoz who wrote (1744)	5/16/1998 11:38:00 PM
From: John Paquet	Read Replies (2) of 2505

Hutch, Palladium hit $402.00 closed @$397.50 NYMEX July Platinum @$405.00 Friday. Any ideas why gold could not compete with these precious metals. It used to gold and platinum ratio is 1:1 , and now palladium far exceeding that gold. Palladium used to $185.00 when gold is $400.00 Now they are in the other way around. Maybe that central banks had oversold that gold into the markets in 1997. Yeah!!! Too many supply in the market or else gold should be @$450.00 by now.

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