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Gold/Mining/Energy : AVL.V - AVALON VENTURES -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (734)	4/22/1998 7:34:00 AM
From: DRT	Read Replies (1) \| Respond to of 1474

FYI. The fact that palladium prices now exceed gold illustrates the dependency of world markets on Russian palladium supplies. _________ AMM News in Brief - April 21, 1998: Palladium fixed at $334/oz. "Palladium fixed in London at $334 per troy ounce Tuesday morning, up from $326.50 an ounce in Monday afternoon trading and just under a high of $335 an ounce recorded in March 1980. The new 18-year-high followed reports from Japan that precious metals traders had received no indications of when new Russian platinum group metals contracts would be negotiated and a statement by South Africa's Impala Platinum Holdings Ltd. that Russian political instability would delay shipments from that country until June." ____________ Any encouraging results from the initial Wolf Mountain drill program or decision to continue work on the property should be a positive indicator of the potential for a new discovery. Lets hope the results generate some upward momentum or, at minimum, establishes the floor at higher levels. DRT