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Gold/Mining/Energy : Gold Price Monitor
GDXJ 96.06-1.4%4:00 PM EST

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To: Gabriela Neri who wrote (14578)7/17/1998 12:21:00 PM
From: Roderick Francey  Read Replies (2) of 116762
 
Did watch Wall Street Week last week?

Louis R. had 3 (prominent?) European analysts on his show. Basically, they all agreed that the Asian crisis would take approx. 2 years to recover, and European markets would outperform U.S. markets. No where did they mention Russia! Is there a conspiracy here? Or is everyone hiding their heads in the sand.

I know Russia has been handed a reprieve with the IMF bailout, but I feel this is only temporary. But then again, if these Russian Tax reforms take hold and the Russian economy stabilizes, then .. maybe the European economy will do well.

I welcome other people's opinions on this year's outlook for Europe and Russia.
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