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Gold/Mining/Energy : Platinum $2,000 & Palladium $800 ?? -- Ignore unavailable to you. Want to Upgrade?


To: banco$ who wrote (74)2/1/1999 8:44:00 PM
From: banco$  Read Replies (1) | Respond to of 187
 
"Palladium also made strong gains today and while the dollar's fall against the yen was supportive, the main impetus for its climb was a lack of news on Russian 1999 contract deliveries.

"There's no news out of Russia and this makes everyone nervous," said one trader. "We haven't had any news last week and the news we had before that was misleading," he said, referring to some reports which suggested Russia would start to deliver palladium in the first quarter.

"Today's jump was carry-through from TOCOM--there's no metal, the Japanese haven't seen anything," he added.

Palladium's rally helped platinum edge to higher prices and it also saw some short-covering, said traders."

(NY Precious Metals Review, By Melanie Lovatt, Bridge News
New York--Feb 1)

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