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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Devlin who wrote (29287)	12/16/1997 1:04:00 PM
From: Bruce McGaughey	Read Replies (2) \| Respond to of 35569

Ed- We're still using platinum. A lot is used in cars and a lot is used in electronics. The Far East is going through some tough times lately and Japan is the biggest importer of platinum, using it for both cars and electronics. They get most of theirs from Russia. Early in the year, Russia couldn't supply it. The price of platinum went up. Russia still can't supply much but the economies of the Far East have bit the dust and it's thought that there won't be as much demand this next year. South Africa still produces 3/4 of the 4 mill ounces used every year. Apparently, a good deal of platinum is on IPM's property. Now, if we just had an economical recovery process.......

To: Ed Devlin who wrote (29287)	12/16/1997 1:11:00 PM
From: go4it	Read Replies (2) \| Respond to of 35569

Ed, I would seriously question anything that I read these days regarding any of the metals markets. I would have expected Pt to continue dropping with very little in the news about it these days. Pt had the Russian crisis to drive the price up before and I haven't heard anything about that recently. I personally would doubt that a new catalytic convertor material would cause much more than a quick blip in the price if anything at all for a while. As the desert dirts begin to come on line I would expect a significant drop in the price of PGM's if nothing is done to counter the supply. Regardless of what the naysayers say, there have been enough people that have witnessed the metals coming out of the dirts in massive quantities that it leads me to believe that they will have a devistating impact on the price of all the metals. Yes, they will go into production IMO with a nice profit margin but right now I still believe that the price of gold is being manipulated.