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Gold/Mining/Energy : Houston Lake Mining [HLM-ASE]
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To: DRT who wrote (87)2/2/1999 8:27:00 AM
From: WWS  Read Replies (1) of 364
 
DRT, the same situation, at least for PD, as last year at this time. And when the Russians finally ship (or even announce availability) the price of PD will drop by about $100/oz, which happened sometime in June last year. Worth noting, too, that Russia continues to dip into its (now) limited stockpile of PD to make up their current production shortfall to fill contractual amounts. The growth of new demand for PGE's as catalysts to clear air of hydrocarbons, for platinum in jewelry, and even for PGE coins sold over the internet certainly argues that the future is bright for those who now own (or discover) a supply source.
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