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To: Paul Shread who wrote (8996)	8/3/2001 5:05:54 PM
From: patron_anejo_por_favor	Respond to of 209892

Yeah, my first impression was that it WAS strike-related, ie, commercials covered because a strike would drive up prices (especially the South African producers who were short...they'd then get the worst of all worlds, a large short interest in a rising commodity which they are no longer producing!). If no strike, then, the price should have come down...but it hasn't (at least not the spot). So something else may be going on, perhaps hedging dollar weakness....