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Gold/Mining/Energy : Cartaway resources
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To: John Paquet who wrote (2151)10/2/1998 10:47:00 AM
From: John Paquet   of 2505
 
Yes, Dow continues to slide, Dow downed 100 now down 72 as Clinton spoke on world economics. Clinton stressed that the World Bank and IMF is indeed great urgency that US inject lots of fresh cashes into IMF. G7 plus G15 emerging countries will meet in Washington this weekend to constrct some sort of financial architeture to stablize this crisis. Rubin and Alan Greenspan will be the chief architets, Clinton will address the IMF as of Monday. Gold hit new hi, US dollar hit new low XAU hit new hi very much above 80.50 Pdg traded @ 23.50 Some small penny mining stocks have moved up sharply, except CWA and DML. Dow stocks [equity] will keep sliding to 7400 oe 7000 and beyond for the following reasons:

1. global stock market sell-off global crisis
2. recession [world-wide] [promting global easing very inflationary in the long run.]
3.corporate profits drop
4. credit crunch
5.hedge funds debacles and hedge funds rumors [lots of them are coming beside LTCM}
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