Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bruce Robbins who wrote (840)	1/12/2001 8:12:38 AM
From: Bruce Robbins	Read Replies (1) \| Respond to of 976

Pd spot down while futures up. Jan 12 UBS Warburg daily report [bold added by me]: thebulliondesk.com PLATINUM GROUP METALS – Comment: A further torrent of pgm news in the last 24 hours. Yevgeny Ivanov, Chairman of Rosbank, the company closely associated with Norilsk, stated that palladium shipments will restart this month. Mr Ivanov blamed the increase in the palladium price on lower sales from state reserves. On the consumption side, there was mixed news. An article in the Financial Times stated that General Motors expects to cut palladium usage by 40 to 50% by 2003 and that rival companies would no doubt follow suit. According to a Reuter’s article, however, Japanese motor manufacturers will see steady demand for palladium in 2001. We expect palladium to remain in short supply this year, but agree with General Motors when they say that the market will return to balance by the middle of the decade due to higher production and demand substitution. In trading yesterday, palladium took a bit of a break from its recent strength as some selling was seen on both London fixes. Platinum eased in sympathy. View: Russian shipments will determine the price action of palladium over the next few months. If shipments do not resume within the next week or two then the price could head much higher. Platinum is being held at the current levels by the strength in palladium. Although both metals should remain firm through 2001, it is hard to see the current levels maintained (especially palladium) once this likely temporary delay in Russian shipments resumes.