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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: re3 who wrote (15635)7/12/2002 2:14:49 PM
From: Frank Pembleton  Respond to of 36161
 
R... about PGMs - the time to get bullish will be the time that the biggest buyer of base metals in the world (General Motors) finally gets smacked. I look at the PGM market in thirds... -- 1/3 jewelry -- 1/3 tech -- 1/3 automotive, we know the demand in the first 2/3 has already collapsed. I'm still patiently waiting on the General to kiss it's 52 week low - before I finally commit, even a dime to this sector.

Chart for GM
finance.yahoo.com

Comparision Chart:
finance.yahoo.com

Regards,
Frank P.