We have reported of the very strong Palladium demand. The fear is that Russia will not deliver these white metals as promised in January. Market concerns over Russian dumping caused the recent price sell off of these two white metals. I was speaking with a friend of mine who is a broker in Arizona and has a big interest in the gold and silver shares. He was telling me that not only have many of the credit spreads not narrowed a great deal, the bid and ask for various government agencies and corporate paper is very wide.
Liquidity is a major concern.
As a former highly regarded pole vaulter at the intercollegiate level, he coaches for fun at the local high school. Three of his 17 year old vaulters told him yesterday how much money they were making in the stock market with their tech stock trading. Shake your head time. After graduating from Cornell University, Bill was a starting wide receiver with the Patriots of the old American Football League and has been around the financial and commodities markets ever since. He owned a futures firm in N. Y. that specialized in precious metals and was a contributor to Veneroso Associates, a global strategic investment firm and producer of the 1998 Gold Book Annual.