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To: Lucretius who wrote (11283)	8/15/2000 5:58:06 PM
From: MythMan	Read Replies (3) \| Respond to of 436258

I don't remember wtf happened in 1980. I wouldn't have guessed that...

To: Lucretius who wrote (11283)	8/15/2000 6:37:44 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

more on the palladium mess: From Bridge - Many players linked the thin trading volumes to NYMEX's hike of margin requirements this week. The dramatic increases in margins have discouraged market players from trading palladium, they contend. "NYMEX is trying to retire the contract, or only encourage commercial use," contended one frustrated trader. "But even commercials would find it difficult to justify these margins." A NYMEX spokeswoman Tuesday would not offer an explanation as to why margins were changed, which is standard response from the exchange. She said such moves are made "to support the contract and ensure its reliability as a financial tool." ************************************************************************************************** butler comments: As opposed to, "we only got 171 contracts of physical inventory. We can't let the longs demand delivery without a fight. We'll shake 'em out. If we have to certify the shorts have warehouse receipts on first notice day, we'll lose control of the price. If this don't work, we'll try liquidation only - that ususally does the trick. Anythin' but free markets. That's the standard response from the exchange." bbl