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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.28

-0.9%

Dec 1 4:00 PM EST

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To: Terry Swift who wrote (5743)	1/13/1998 2:49:00 AM
From: PaulM	Read Replies (1) of 116791

"We have already defaulted in the U.S."............ yahoo.com Why are we never given basic investment disclosure when it comes to banks? On whose debt did Peregrine default? Who are Peregrine's creditors? What is their exposure? And while we're at it, what are particular U.S. bank's exposure in Asia in general? All of this shouldn't be so difficult to figure out. I did hear one analyst say Citicorp was a major creditor. It's interesting that ther dollar fell briefly vs. the duetche mark in part because of Peregrine's default the U.S. It's generally assumed that Europe has greater exposure to Asia than the U.S. This is probably true, but this one default was enough to make the market second guess a bit.

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