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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: Bobby Yellin who wrote (8689)	3/23/1998 5:08:00 PM
From: marcos	Read Replies (1) of 116759

biz.yahoo.com One notable thing about this oil agreement is that it is the first time M‚xico has committed to a cut, though they have been involved in 'talks' before. This may have been crucial to obtain the cooperation of Venezuela. A bit of history - Venezuela was the world's first oil exporter, and till about 1941 (when shipping became difficult) was the world's largest exporter by far. Oil and its income has been crucial since the early 1920s. When you know this it is easier to understand how they feel about cutting production to please the Saudis. Imho oil and gold are strongly linked, and although I'm not convinced that Another over at Kitco is for real, he does make some good points, one being that these are real things in a world of paper and electronic entries. The cultures that produce oil like real things, and the US dollar will likely not always mimic reality as it does today. ............. cheers ................... marcos

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