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Gold/Mining/Energy : Flag Resources (FGR.A A) -- Ignore unavailable to you. Want to Upgrade?

To: jbr29 who wrote (2347)	2/22/2000 5:17:00 PM
From: jbr29	Respond to of 4269

BTW, Forgot to mention that although US $800 sounds like a lot, the longer term price for all PGMs is UP. There is a lot of price elasticity as the price component added by Pd (& other PGMs) to their principal uses (catalytic converters, etc) is relatively small. Thus palladium could hit $2000/oz, perhaps doubling or tripling the cost of an automobile catalytic converter, ( e.g. - $ 150 -> $ 350 ), but the cost of the automobile would only increase nominally (e.g.- from $ 25,000 -> $ 25,200). (Inre: Price elasticity: The real king of the price elasticity plays will be silver. I believe the market could tolerate prices perhaps 10 times the current price range.)