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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.70-0.3%Dec 5 4:00 PM EST
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To: Terry Rose who wrote (21076)10/7/1998 11:30:00 PM
From: Alex  Read Replies (1) of 116796
 
''U.S. financial insititutions are now starting to face systemic risks, banks are becoming tougher about lending, and we're seeing a global credit crunch.''

Growing concerns over credit risk threaten to virtually shut down interbank money markets, he said.

''It's a fact that Japanese banks are having difficulty raising funds, but that's not the only problem. U.S. and European banks are probably facing funding difficulties as well,'' he said.

biz.yahoo.com
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