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To: Hawkmoon who wrote (39216)	8/18/1999 6:53:00 PM
From: C.K. Houston	Respond to of 116837

Euro oil product prices rise for fear of Y2K bug 08:52 a.m. Aug 18, 1999 Eastern LONDON, Aug 17 (Reuters) - Signs of concern over the possible impact of the millennium bug on oil supplies are starting to show up clearly in European petroleum product prices, traders said on Wednesday. The dealers said that a recent increase in prices for petroleum product futures and cash derivatives for late 1999 was due in part to worries computer breakdowns at the New Year 2000 changeover, or Y2K. They said buyers increasingly were locking in positions on the European oil market to hedge against the possibility of consumer petroleum product hoarding. ``Companies usually destock at the end of the year for tax purposes but currently we see traders buying up on swaps and physical oil,' said a diesel trader with a major European refiner ... ``Traders are buying December gas oil, which expires on December 10, so they can have product to hand if necessary,' said a London futures broker. While there is no sign yet of panic buying some dealers are accumulating positions to take advantage of any growing fears of a shortfall in supplies. One U.S. bank has taken a particularly large position, betting that price differentials will rise. ``There are definitely traders who are taking advantage of the market's millennium fears to try to squeeze the market,' said another broker ... Earlier in August the World Bank said it expected global oil prices could rise significantly because of stockpiling at the end of the year ... infoseek.go.com+glitch+y2k&sv=IS&lk=noframes&col=NX&kt=A&ak=news1486 Cheryl

To: Hawkmoon who wrote (39216)	8/18/1999 9:54:00 PM
From: d:oug	Read Replies (2) \| Respond to of 116837

Ron, if the following post from Rarebird translates into what really is present, then the GATA War will be lost by Bill Murphy's side, which I am a soldier. What does Goldman Sachs plan to do with its half of the COMEX gold position? I say C based on today. A. hold for profit in the new gold bull market B. use it to pay back their short position C. sell it to kill gold rallies And to add insult to injury, your post on the GATA article shows that in any War the first victim is Truth, and both sides have violated its right of existence. doug