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


To: Sleeper who wrote (764)11/29/2000 9:54:08 PM
From: Sleeper  Respond to of 976
 
NY Precious Metals Review: Gold, Silver Give Up Mon, Tue Gains


By Melanie Lovatt, BridgeNews


Meanwhile, platinum group metals parted company with silver and gold to climb higher, as active Mar palladium hit a four-month high of $809.80 per ounce and Jan platinum pushed to a 2 1/2 month high of $604.

Platinum and palladium remained strong and continued to bask in the glow from Monday's bullish report from the New York-based CPM Group. The analysis company said that platinum prices may rise further in both the near term and the longer term and current prices may seem inexpensive in the not-too-distant future. The supply and demand fundamentals of the platinum market suggest further tightness and price increases in the future, the report said.

Traders noted that some consumers, having tried to sit out the price rise, were having to come back into the market to secure significant material for 2001. They said that some of the auto producers are now running through their stockpiles.

Sleeper



To: Sleeper who wrote (764)12/3/2000 8:24:00 PM
From: Elizabeth Andrews  Read Replies (1) | Respond to of 976
 
Yes, I believe the correction is over and it's time to re-establish a long position.