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Post# of 704041
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Zeev Hed

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Zeev Hed

Re: carl_p_r2 post# 139338

Thursday, 08/19/2004 1:58:55 AM

Thursday, August 19, 2004 1:58:55 AM

Post# of 704041
Carl have you looked at the Pt/Rh ratio recently? Rh now at $1255 vs Pt at $855, almost a 50% premium, what it is "supposed" to be (vs last year $686 for Pt and a discount of 30% at $440 for Rh.) Of course, once Rh went to just a minimal premium, I suggested that hedge be closed, but now it is in full bloom. (#msg-1230445).

AZH

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