Houston Lake Mining [HLM-ASE] Message Board

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Gold/Mining/Energy : Houston Lake Mining [HLM-ASE]

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To: DRT who wrote (63)	11/13/1998 7:10:00 AM
From: DRT	Read Replies (1) of 364

FYI. Thursday November 12, 4:07 pm Eastern Time ... Gold, Silver Up on Mideast Tension By CLIFF EDWARDS (AP Business Writer) Gold and silver futures rose sharply Thursday on the New York Mercantile Exchange as tensions between the United States and Iraq mounted, causing investors to move investments into safer commodities. On other markets, platinum and palladium also rose sharply, while coffee futures continued to give back gains made as Hurricane Mitch battered Central America. Platinum and palladium futures jumped after Russia's Interfax news agency quoted an unidentified Ministry of Finance official as saying that country may export no more than 20 metric tons of platinum and 100 tons of palladium in 1999. The figures are slightly less than what has been exported this year, a time during which automobile and electronics makers have been scrambling to find available supplies. Russia is the world's largest palladium exporter and is the second-largest platinum exporter behind South Africa. January platinum jumped $11 to $350.80 an ounce; December palladium rose $4.75 to $278.25 an ounce. _____________ Looks like a drill program could not be better timed + given the # of PGM news releases over the last 6 months, its obvious that several companies are focusing on Ontario's PGM potential. HLM could be in an enviable position to drill and set the benchmark for others (if the preliminary work/prospector's initial drill results are any indication). DRT

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