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Gold/Mining/Energy : Gold Price Monitor

GDXJ 114.64

+1.2%

Dec 17 4:00 PM EST

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To: sea_urchin who wrote (31479)	4/10/1999 9:27:00 PM
From: goldsnow	Read Replies (1) of 116815

>>I'm not sure what the true Russian position is and I don't know whether one can take anything Yeltsin says seriously. I also think it will take time for Russian emotion to transform into action of some sort. >> Yeltsin should not be taken seriously..he has no power..no influence and no significance.. However that is a bad news not good..Much of the IMF and other "moneys" that went to Russia, did so in order to prop the corrupt and inefficient regime..(not that Zurich accounts were a mistery, but that still bought time for Russian Military machine to degrade).. The problem is that the machine is now controlled by forces that neither Yeltsin nor IMF can even influence...As for Russian involvement... There were 150 Russian Commandos protecting Bokassa (spp) in Congo before Kabila took over...What kind of wheapons Russian "adventurists" will have is anyones guess..the trouble is that now Albright visit with Yeltsin will accomplish nothing (short of re-newed commitment not to send ground troops) At any rate the seeds are in...This region has a long memory. The seeds of the ever bloody Balkan Confrontation for generations to come are in..as for Russia the new regime which will come on election dominated by anti-Western rethoric will be much more frightening to the World than Milosevic..all in all huge blunder. Than again "every nation deserves its Goverment" or President? Churchill

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