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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Richard Mazzarella who wrote (50328)	3/13/2000 8:16:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116759

<<IMO this move is a temporary political move to kill off a speculative financial markets and help Russia.>> OK, remember, there was a US Govt. manipulation (of sorts) toward the down side, & I suspect some of this move is an over-reaction on the upside. During the lowest of prices, exploration stopped, near the same as in gold. Rig production stopped, & a great many lay-offs were seen in TX LA & OK. I think a part of the move was also to help the elections in Mexico. You are right, there is no shortage of oil, but there may well be a shortage of $14-25 a barrel oil with those days of $10 being a downside anomaly.