Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (46003)	12/15/1999 3:02:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116767

So, just got this from Bill, note what Clinton said, and please ask yourselves why the prick is giving investment advice against gold. BULLETIN!!! Palladium Alert!!!! plus President Clinton comment on Y2K and gold X-Mailer: Allaire ColdFusion Application Server Le Metropole members, The palladium market is a precious metals market on the move, trading in life of contract high ground - and is now likely to go much, much higher according to The Caf‚'s John Brimelow. The turnover on the Tocom in Japan today (1.45 million ounces) was extraordinary. U.S participants do not realize this because activity on the Merc in the U.S. is moribund. Because of the significant demand for palladium from the automobile industry (catalytic converter needs), the price of palladium keeps rising to ration that demand. Russia supplies 70% of the market and has been doing so for several years. They have been shipping palladium steadily for months (unlike platinum in which there have been supply disruptions). Whether they will continue to do so remains a mystery, but John Brimelow brings us a bombshell which few know about. The U.S. has been quietly supplying 10% of the markets needs for palladium and that is about to run out. The reason is that the U.S. is allowed to sell 200,000 ounces from its strategic stockpile this budgetary calender year which began October 1, 1999. Doing diligent homework, John Brimelow has learned that the U.S has already sold close to 194,000 ounces in the past 2 and 1/2 months. They have little left to sell to hold down the price. A trade house source confirmed John's investigative work. Meanwhile on the demand side, we have some elephants (the automotive companies) out there that could panic at any time and with their infinite buying power snatch up whatever the can in the short term as they need palladium for their cars. That is liable to cause a price explosion. As he has expressed many times before, John Brimelow would not be surprised to see $500 palladium before the end of the year. In late 1989 rhodium, in a similar situation, abruptly quadrupled. The last thing the U.S wants is to have a precious metal explode in price going into the Y2K concerns that will affect us all soon. After all President Clinton made the following statement in the recent People magazine according to the Associated Press: DON'T LET Y2K SCARE YOU "In the article Clinton say's in an interview with" People "Magazine " If I were you, I wouldn't hoard gold or go out into the country and hide or do any of that" the president said The article went on to say the Fed has spent $8.38 billion on Y2K preparedness so far." Wonder who gave that to President Clinton to say? The why is obvious.