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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: Crimson Ghost who wrote (7165)	2/3/1998 12:54:00 AM
From: Abner Hosmer	Read Replies (1) of 116764

Sustaining East Asian Competitiveness weforum.org >>...Goh Chok Tong, the Prime Minister of Singapore cautioned that the recent sharp falls in east Asian currency values must not be followed by a closing up of individual markets...Goh also suggested that regional banks follow the lead of other commercial and industrial institutions and combine their resources because he noted that other than the Japanese institutions, there were no banks with a strong regional presence.. Before Goh's address Klaus Schwab, President and Founder of the World Economic Forum noted that Goh had worked in private industry before entering politics, which he said was a contrast to the experience of European leaders. Goh began by saying that the fundamentals of east Asian economies remained healthy, pointing to World bank figures that predicted a per annum growth rate of 7.6 percent that would last to the year 2006. This contrasted with a figure of 2.6 percent expected for the industrialised nations. The current "turmoil" represented only a temporary, although painful, interlude in the march of east Asian economies, Goh stated.<<

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