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To: Lucretius who wrote (256835)	8/20/2003 3:29:03 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 436258

Luc, The Ford stockpile is gone and it will rise to its normal price in the $300s. China is going to build a load of cars. And everything else. We're going to need fuel cells at some point. The stuff is dirt cheap. Buy low, stay high. <G>

To: Lucretius who wrote (256835)	8/26/2003 9:21:04 AM
From: Pogeu Mahone	Read Replies (2) \| Respond to of 436258

2003-08-22 16:01 GMT: Metals - Palladium hits 3-month high on fund-buying; gold slightly lower LONDON (AFX) - The price of palladium set a three-month high of 191 usd/oz, extending yesterday's gains on continued fund-buying, analysts said. "The move has been motivated by steady fund-buying taking advantage of six-year lows, exacerbated by some industrial demand and short-covering," said Barclays Capital analyst Ingrid Sternby. At 3.18 pm, palladium was up 3 usd at 191 usd/oz. An ounce of palladium changed hands for as much as 1,110 usd in Jan 2001, before dropping sharply during the remainder of the year, and drifting lower still throughout 2002-3. During the early part of 2001, "restricted supplies from Russia were insufficient to meet demand from auto manufacturers, driving prices higher," said Sternby. The metal's primary use is in the manufacture of automobile catalytic converters. Gold dipped slightly in midafternoon trade, on modest dollar strength, but taking underlying support from fund-buying, analysts said. "Gold is down very slightly, but just holding around 360 (usd/oz), and I think prices have taken a little support from fund-buying towards the end of the week," said analyst Kamal Naqvi at Macquarie Bank. At 3.20 pm, gold traded down 1.63 usd at 359.75 usd/oz. The dollar crept up to a fresh four-month high of 0.9228 against the euro today, up from yesterday's close of 0.9154. Platinum dipped 8 usd at 699 usd/oz, having yesterday scaled its March 10 high of 708 usd/oz, its highest value for about 20 years. Elsewhere, silver was up 4 cents at 4.99 usd/oz. Meanwhile, base metals were firmer across the board, analysts said. "Base metals remain quiet but firm after better-than-expected US economic data," said Barclays Capital's Sternby. "Focus surrounds labour negotiations at Inco's major nickel operation with prices remaining very strong on expectations that the management and unions are still far apart," she said. The strike at Inco's Sudbury division in Canada is now in its 11th week, she noted. Nickel gained 135 usd at 9,735 usd/tonne, after yesterday retreating from Wednesday's three-year high of 9,825 usd/tonne, on brief hopes that talks could end the crisis. Sternby at Barclays said the whole base metals complex was firmer today, following positive US manufacturing data released yesterday. Tin put on 12.50 at 4,912.50 usd/tonne, having briefly inched up to a fresh two-year high of 4,935 usd/tonne earlier today. Aluminium gained 17.50 usd at 1,441 usd/tonne, while zinc added 4.50 usd at 817.50 usd/tonne. Copper climbed 19.50 usd at 1,783 usd/tonne, while lead gained 4.50 usd at 495 usd/tonne. <<you liking the odds of that economic recovery causing a rush to the car lots? -g- couldn't pay me to own that sh*t.. lol>>