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Gold/Mining/Energy : Platinum Group Metals (PGMs) -- Ignore unavailable to you. Want to Upgrade?

To: Jordan Electron who wrote (322)	3/27/2000 3:07:00 PM
From: Ptaskmaster	Respond to of 529

There are any number of current and potential future technical uses of palladium that might qualify it as a strategic metal for many nations, particularly Russia. The US however, appears to be selling much of its palladium and platinum stock from its strategic stockpile openly through the Defense Logistics Agency. Message 13276035 Interestingly, in a current essay by M. Bolser on the apparent manipulation of gold by the US Treasury through the Exchange Stabilization Board (FSA), platinum is used as a benchmark commodity: "Certain metals are barometers of inflation. Since their prices can be controlled downward by the inappropriate use of the ESF, a false perception of low inflation is promulgated while the US currency is actually being depreciated relative to other uncontrolled similar commodities, e.g., platinum." ----snip---- "This official sector selling was used to force down gold's price which would otherwise have tracked the price of historically related commodities such as platinum. The price of platinum has dramatically risen recently to over US$540, however gold remains below US$300." What would the price of platinum (and palladium) have been if the US government had not been steadily selling stockpiles into the market, assuaging a portion of demand? And would the resulting disparity between gold and prices of these pgms have been even more striking? Ptask _______ 'Manipulation' by Michael Bolser, posted 27 March on Gold-Eagle at gold-eagle.com