To: Thor Carlsen who wrote (12509 ) 12/15/1999 8:06:00 PM From: d:oug Read Replies (1) | Respond to of 14226
Thor, I hope Global's dirt does NOT contain Palladium as it will hurt us. BULLETIN!!! Palladium Alert!!!! The palladium market is a precious metals market on the move, and is now likely to go much, much higher... Turnover on the Tocom in Japan today 1.45 million ounces was extraordinary. ... 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... Whether they will continue to do so remains a mystery... ... 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...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...is liable to cause a price explosion. John Brimelow would not be surprised to see $500 palladium before the end of the year. Source: GATA For new readers, the above mention of GATA is as follows. Bill Murphy, Chairman, Gold Anti Trust Action (GATA) gata.org Also, GATA related articles can be obtained at the pay for view site. Bill Murphy, Le Patron, Le Metropole Cafe lemetropolecafe.com