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

To: Bruce Robbins who wrote (48659)	2/9/2000 8:47:00 AM
From: Richard Mazzarella	Read Replies (2) \| Respond to of 116762

Bruce, <<central bank can dump>> Then you should also see the move in silver in addition to PGMs? IMO the PGM move is short term based on politics in Russia. There could also be additional speculation for fuel cell requirements, the fuel cell company stocks are nuts. Nuts eventually corrects.

To: Bruce Robbins who wrote (48659)	2/9/2000 6:18:00 PM
From: Casaubon	Read Replies (1) \| Respond to of 116762

The pricing pressure is a result of the technology which will be used to achieve the ultra low emissions required of the clean air act. Specifically, the gas turbine power plants will need to be retrofitted to reduce NO, and CO emissions to be in compliance with the law. So, while car emissions will still be a large factor in maintaining high PGM prices, it is the necessity of these electric utilities to reduce greenhouse gas emissions which will drive the prices to a new equilibrium level. I'm sure the Russians are quite aware of this (as are the speculators).