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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (15802)	5/24/1998 7:44:00 AM
From: John Hunt	Respond to of 18056

Japanese Investors Put The Squeeze on Palladium nypostonline.com << "THE Japanese are absolutely barking mad!" The London trader was incredulous. "Now they're increasing their short positions. They're just desperate for the metal!" If Godzilla is giving Tokyo a pass this year, the god of precious metals is not. They're managing the short squeeze in palladium with all the good judgment and composure that they've shown in real estate, banking, and regulatory reform. >> << That is the leverage that makes futures interesting and risky. But on Wednesday, the Nymex raised the margins on June palladium to $45,900 a contract, which was $9,000 higher than the value of the contract. >> << As of the end of the week, there were about 1,564 June palladium contracts of 100 ounces each outstanding. The Nymex has 86 contracts worth of palladium in its approved warehouses. >> Those Japanese financial wizards are at it again. < ggg > John PS - I hope you guys are all having a great holiday weekend.