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

To: Casaubon who wrote (48644)2/9/2000 8:06:00 AM
From: long-gone  Read Replies (1) | Respond to of 116762
 
<<Palladium is needed for catalytic converters and is in short supply. Platinum can be used but is not as good. Both reflect low supply from Russia. PLatinum
futures are up 21 bucks as I type -- chooo chooo :)>>

It will also be needed in the coming fuel cell technology as some say silver. Problem is(IMHO) there will be a hole in Platinum group metals demand as we transition from gasoline engines to fuel cells through the vehicles such as the new Honda which uses a diesel engine (no cat. converters can be used on diesels) to spin a generator & it to push an electric motor.



To: Casaubon who wrote (48644)2/9/2000 8:39:00 AM
From: Bruce Robbins  Read Replies (2) | Respond to of 116762
 
What will drive the prices higher is the fact that there is no metal out there to sell in the short term. It's not as if some central bank can dump platinum group metals on the market like they did with gold. I do not see someone being able to flood the market with PGE's in the near term. Also, there seems to be very little forward selling and hedging done by producers. I wish gold was in the same position <g>.


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