Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Olaf Koch who started this subject	7/13/2001 9:59:41 AM
From: SliderOnTheBlack	Read Replies (1) of 95453

re: Don't worry - be happy; Uncle Al & the Merry Men will save us... ==================== biz.scmp.com Battered Asian currencies slipped another peg yesterday even as reports circulated that the US dollar's safe haven status was crumbling. The euro and the yen strengthened in Asian trade amid concerns of a financial crisis in Argentina, leading to speculation that the dollar's long run was finally losing momentum. However, by London's opening the greenback was already recovering yesterday. "The dollar didn't behave as anticipated in an environment of emerging market concerns," said ING Barings senior economist Daragh Maher. "But it's been pretty short-lived. It's hard to make a compelling argument against the dollar . . . just because things look so terrible elsewhere." Other Asian currencies mostly ignored the yen's jump below the 125 level, as countries such as Singapore warned of further economic malaise in the second half. ================== Investors yank $11 bln from stock funds By Craig Tolliver Equity mutual funds bled $11 billion in the latest week, Santa Rosa, Calif.-based Mutual Funds Trim Tabs said Thursday. The fund analyst estimates that over the five-day period ended Wednesday, mutual funds investing in U.S. stocks had outflows of $7.4 billion in assets while funds investing abroad leaked $3.6 billion. ======================== IMF WARNS ABOUT RISK OF FURTHER DOWNTURN International financial markets are threatened by the risk of further falls in U.S. stocks and "a potentially disruptive drop in the value of the dollar", according to the International Monetary Fund. London, July 13 (BridgeNews) ====================== Add Argentina melting down... Israel close to war & US Corporate America screaming to O'Neil & Greenspan that the US Dollar is at least - 20%-30% overvalued...and everyone from GATA, to Kudlow, Forbes & now Kemp - calling for un-doing the Gold Price Rig Job... When, not if.... tic toc' GOLD will be the answer... guarandamnteed.

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