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Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer -- Ignore unavailable to you. Want to Upgrade?

To: PHILLIP FLOTOW who wrote (640)	7/5/2000 9:15:09 AM
From: Sleeper	Read Replies (2) \| Respond to of 976

Wednesday July 5, 6:50 am Eastern Time Europe platinum metals softer on Russia news LONDON, July 5 (Reuters) - Platinum and palladium prices fell in Wednesday's early European session on long liquidation as the market digested the latest announcement on possible exports out of Russia, traders said. Norilsk Nickel said late on Tuesday it had ordered its agent Almaz to sign sales contracts for PGMs, including platinum and palladium, with Japanese customers. Overnight, however, Japanese traders said they had not yet been approached by Almaz. ``Until we actually see something happen and the Russian metal actually starts appearing in decent amounts, then the market might react more,'' said one dealer. Despite that, dealers seemed to be taking the announcement seriously, pushing the platinum price down through key support at $540. By 1020 GMT spot platinum was quoted at $535.00/$543.00 from a European close of $546.00/$554.00. Palladium was last at $613.00/$623.00 from $622.00/$632.00. --------------------- Considering the Russian track record, I wouldn't count any Pd chickens before they're delivered!! Sleeper