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

To: Bruce Robbins who wrote (689)	9/7/2000 5:05:52 PM
From: Sleeper	Read Replies (1) \| Respond to of 976

NY Precious Metals Review: Platinum down after 12-year high By Melanie Lovatt, BridgeNews New York--Sept. 7--NYMEX Oct platinum settled down $4.60 at $606.50 per ounce, erasing its gains after jumping earlier in the session to a fresh 12-year high of $614. Dec palladium futures ended up $23.30 or 3.2% at $763.30 per ounce after a three-week high of $768. Both jumped on continued strong demand and growing fears that Russian shipments to Japan will see further delays. * * * Traders said that while there were reports that Norilsk Nickel, Russia's biggest platinum group metals producer, was "making noises" about still delivering material to Japan in September, they are taking a wait-and-see attitude. "We've heard this before from Russia and material has failed to arrive," said one trader. "We're seeing good consumer demand and a lack of Russian material. People were anticipating that it would hit the market by now," said another trader. While platinum prices, like palladium, initially jumped, they fell back on some profit-taking, said the trader, noting that they could test $600 on the way down. Leonard Kaplan, president at Prospector Asset Management, said that physical supplies in platinum remain tight. "I'm getting a lot of calls from industrial consumers having trouble finding material," he said. Hmmmm Sleeper