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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.04

-1.4%

Nov 17 4:00 PM EST

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To: Ahda who wrote (58165)	9/15/2000 8:47:42 AM
From: Alex	Read Replies (2) of 116762

<<The latest rally was triggered by Iraqi accusations that Kuwait was stealing oil from its fields. Although Kuwait has vehemently denied the allegations, there have been reports that Iraqi jets have flown over the Kuwaiti border. Baghdad made similar oil-theft claims before marching into Kuwait in 1990, a move that led to the Gulf War. Rob Laughlin, an oil analyst at GNI, said: 'Concerns over war mongering have driven the latest rise. When you're in the kind of situation we've been in for the past few weeks, this is the last thing that you need. Prices are likely to remain firm and climb even higher during the course of the day.'>> thisislondon.co.uk

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