Ian The Palladium Demon Transports Into An Angel Of Light
Preacher praying-mantis
feeding springy before palladium
buying plying pliable plebeian
demand corpse plight medium
bearish plead plausible plastic
bought corpulent corpuscle ingested
inodorous inoffensive inoperative amounts
inquested ingested inquisition indictment.
Inlet inmate structural deficit decoy buy input
myth surplus succumbs as succulently sucked.
Tearing torn lion’s share profit festering festive
market reality competitors flesh fidelity defiled.
Copyright © Terence George Craddock
Written in September 1996 on the 29.9.1996.12
Alan Williamson, an analyst for HSBC in 2003, made a bearish prediction concerning Russian PGM Stocks. To quote Williamson, the 'palladium market, where the fundamentals of the market look almost unreservedly grim, ...We expect the market to move into structural oversupply, with ongoing downward pressure on prices. This bearish inaccuracy was due to the Russian government dumping large amounts of a Soviet Era palladium stockpile onto the global market. In reality Russian dumping masked the real market fundamental, which is a structural deficit, not a surplus of palladium. The Russian stockpile will soon be exhausted, existing mine production and recycling will not meet existing industry demand for palladium. “Emerging new demands in areas like palladium jewelry, fuel cell for mobile electronic, and even cold fusion, will create an even more acute shortage situation, ... driving the future palladium price to an exponentially increased purchase price.
poem by Terence George Craddock
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