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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (24075)	12/10/1998 8:32:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 116972

Platinum, palladium extend gains on Russia fears biz.yahoo.com << Fears over the availability of Russian Platinum Group Metals (PGMs) pushed platinum and palladium higher in early European trading on Thursday, dealers said. Palladium fixed at $293.00 an ounce at the London morning fix, the highest since November 20, and platinum fixed at $353.00. ''The PGMs are likely to start the day on a firm trend following the report that Norilsk Nickel believes that bureaucratic delays may prevent it from exporting PGMs in the first quarter of next year,'' brokers GNI said in a report. Palladium was last quoted $8 higher at $292.00/$297.00 compared to the New York close at $284.00/$289.00 and platinum at $352.00/$354.00 from the close at $349.50/$351.50. Norilsk Nickel , Russia's major PGM producer, said bureaucratic delays might prevent it from exporting metal in the first three months of 1999. Norilsk also said it had failed so far to obtain an increase in its PGM export quotas for the fourth quarter of this year. -- cont'd -- >> Re CNBC, Hi Richard, I agree with you. I just don't think you will get anywhere with CNBC, but good luck ... I might be pleasantly surprised. :-)) John