Palladium closed up $17.50 yesterday to $198 and ounce. One month ago it
was at $110/oz. Platinum was up $15/oz to close at $398. Since B&S doesn't
have the purchasing power to buy at spot (1000 oz at a time) we pay a
premium of $25-35/oz over spot.
We have no plans at the moment to raise our price on Palladium Chloride.
We have automated our process for manufacturing Potassium Chloroplatinite
(it still takes 72 hours) and have passed the savings onto our customers.
We can manufacture larger batches in a shorter time and have set the prices
accordingly.
Dana "I'm no Dick" Sullivan
At 02:04 AM 6/5/97 -0700, you wrote:
>Today I read a very disturbing article in the Wall Street Journal
>about the prices/availability of Pt. and Pd.. Apparently Russia
>is one of the main mining areas in the world for these metals.
>For some reason (the article did not indicate why) Russia has decided
>not to send it's raw material to England to be refined for use
>in our markets. This has created an up roar in the commodities market
>and the price of these metals has gone up considerably in the month of June.
>Unfortunately, the article did not forcast a time table of Russia's intent.
>
>Now Dick Sullivan, I know you're out there and I want to know
>what you think about all this. I was told that B&S sent out a newsletter
>to "some" of their customer's indicating that the price
>of Pt/Pd has dropped and now is the time to buy.
>Does this mean that I should stock up now
>because in eight months there will be a major league jump in
>your prices?
>
>Hey Dick, I'm counting on you to resolve this for me and all those
>Pt./Pd. addicts.
>
>Kisses to all those alt. persons not consumed with PC gender garbage.
>
>PKG
>
>
Bostick & Sullivan
PO Box 16639, Santa Fe
NM 87506
505-474-0890 FAX 505-474-2857