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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%4:00 PM EST
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To: Richard Grenier who wrote (23049)11/17/1998 11:55:00 PM
From: Abner Hosmer  Read Replies (1) of 116764
 
By the way Richard, I notice you are from Quebec. I thought you might find these paragraphs to be of particular interest:

>>Iraq's closest ties were with France, which came to rank second to the Soviet Union as a source of foreign weapons. Iraq imported billions of dollars worth of French capital and consumer goods during the 1970s and signed several agreements with French companies for technical assistance on development projects. A major project was the Osiraq (Osiris-Iraq) nuclear reactor, which French engineers were helping to construct at Tuwaitha near Baghdad before it was bombed by Israel in June 1981.

Economic links with France became especially important after the war with Iran had begun. Arms purchases from France, for example, continued in the 1980 to 1982 period when the Soviet Union was withholding weapons supplies. France also provided Iraq generous credits, estimated at US$7 billion, during 1980 to 1983 when oil revenues were severely reduced on account of the warrelated decline in exports. To demonstrate its support further, in 1983 France provided Iraq with advanced weapons, including Exocet missiles and Super Etendard jets, which Iraq subsequently used for attacks on Iranian oil loading facilities and on tankers carrying Iranian oil. <<

I completely agree with your outlook Richard.

"Frenchie go home and stay there...."
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