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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Abner Hosmer who wrote (5785)	1/15/1998 10:58:00 AM
From: The Vet	Read Replies (4) of 116762

How about this risk assumed by the US in order to obtain a trade advantage at the expense of their "friends" smh.com.au "Australia's share in the lucrative South Korean market is threatened by a US Government loan guarantee fund of $US1 billion ($1.5 billion) for South Korean purchases of US wheat, cotton and beef. The fund offers a guarantee to exporters if a Korean purchaser defaults on payment. "It is a very attractive package," Mr Officer said. "We understand the predicament of our customers in Korea and other Asian countries. We are looking at how we can maintain a level playing field with the US in order to continue to do business there."

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