Platinum $2,000 & Palladium $800 ?? Message Board

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Gold/Mining/Energy : Platinum $2,000 & Palladium $800 ??

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To: WWS who wrote (88)	2/11/1999 7:43:00 AM
From: DRT	Read Replies (1) of 187

2/10/99 TODAY IN PLATINUM Platinum Market Commentary Deutsche Bank released a report this week forecasting expectations that platinum consumption will increase by 1.9% to around 5.65 million ounces in 1999. In a Reuters report quoting from the bank's 1999 Metals Outlook, Deutsche believes that Japan's period of inventory adjustment should be winding to a close and the country should actually see platinum demand growth this year. "Moreover," said the report, "with demand set to recover and with the likelihood that Russian exports will fall back from recent high levels, the market looks set to record ongoing deficits for some time to come. In turn this should underpin falling stocks and rising prices. In contrast to most other metals, the risks for the platinum market over the medium term remain firmly on the upside." DRT

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