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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 (890)	3/1/2001 1:06:23 PM
From: Sleeper	Read Replies (1) \| Respond to of 976

NY Precious Metals: Palladium Sinks 5.1% Amid More Russia Sales Mar. 1-MAR-- By Darcy Keith, BridgeNews New York--March 1--NYMEX Jun palladium futures were down sharply Thursday morning, sinking to a three-month continuation chart low of $792.0 an ounce after Russian selling was seen again on the AM and PM London fixes. At 1043 ET, Jun was down $43.0, or 5.1%, at $799.0 after hitting a low of $792.0. The slowing U.S. economy was also blamed for the continued slide. * * * "Everyone is taking a bearish tone given the weakness in the U.S. economy, and the slowdown in big ticket item sales like automobiles," said one trader. The trader said some scale-down buying by consumers was seen but not enough to prevent the market from going into retreat mode. He said support levels were anyone's guess given palladium's sell-off. End Copyright 2001 Bridge Information Systems Inc. All rights reserved. Sleeper