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Gold/Mining/Energy : SOUTHERNERA (t.SUF) -- Ignore unavailable to you. Want to Upgrade?

To: Donald McRobb who wrote (5019)	11/17/1999 12:41:00 PM
From: russet	Respond to of 7235

Updated Wed Nov 17 07:02 ET BRIDGE UPDATE--PRECIOUS METALS: US agree to revalue IMF gold for debt Nov 17--1201 GMT/0701 ET ................................................................. TOP STORIES: Johnson Matthey sees platinum mkt in deficit, in $370-440 range London--Nov 16--Demand for platinum is expected to reach a new high of 5.59 million ounces in 1999, up from 5.39 million in 1998, according to Johnson Matthey's Interim Review. Supply is expected to fall by 340,000 ounces to 5.06 million ounces, implying a 530,000-ounce market deficit. The UK precious metals group is expecting platinum to trade within a US $370-440 per ounce range for the next 6 months. (Story .14079) Johnson Matthey sees palladium averaging $350-400 next 6 months London--Nov 16--Palladium is forecast to average US $350-400 per ounce for the next 6 months, due mainly to an expected 630,000-ounce implied deficit, according to Johnson Matthey's Interim Review. Demand is expected to rise by 2.5% to 8.3 million ounces in 1999, whilst supplies are expected to fall by 730,000 ounces to 7.67 million, the UK-based precious metals group said. (Story .14126)