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Pastimes : ClownBuck Deathwatch
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To: BigBull who wrote (61)10/10/2000 3:11:08 AM
From: patron_anejo_por_favor  Read Replies (1) of 329
 
Big Bull, Sadaam has been discussing moving his transactions to Euros for the last few weeks, it's interesting that he finally decided to do it. His timing is impeccable, it looks like he'd like it to catch on with the other OPEC countries. Although that's a HUGE "if", it would mark a major inflection point for both the dollar AND the Euro. Obviously, all the dollars that have to be bought to pay for petroleum transactions from OPEC represent a big source of demand (even bigger when the price of crude is flying). The next few weeks before the election promise to be full of surprises...
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