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Cold fusion—hot metal: An analysis of the metals futures market reactions to the cold fusion announcement

✍ Scribed by Stephen R. Hill; Norman H. Moore; Stephen W. Pruitt


Publisher
John Wiley and Sons
Year
1991
Tongue
English
Weight
814 KB
Volume
11
Category
Article
ISSN
0270-7314

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✦ Synopsis


The impact of the cold fusion announcement was not lost by the financial press. Numerous stories in both The New York Times and The Wall Street Journal reported that trading activity in the palladium market had pushed prices for the metal to the highest levels since early 1980, when 'Y . . rampant inflation, international political tension, and an abortive attempt by the Hunt brothers of Texas to corner the silver market drove precious metals to dizzying peaks." (NYT, 4/14/89). *Significant at the 5% level (two-tailed test).