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

To: d:oug who wrote (60508)11/4/2000 6:51:45 AM
From: d:oug  Respond to of 116788
 
GNN - Heard Through the Gata Nut Grapevines

(fact)
Oct 31 - UNITED NATIONS (AP) -- A United Nations committee
gave Iraq the green light Monday to open a euro-denominated
bank account to handle deposits from oil sales - a victory
in Baghdad's campaign to stop using the hated American currency.

(rumor)
... that not only IRAQ, but VENEZUELA and RUSSIA also wants
to be paid in Euros for oil. A time frame was not mentioned.



To: d:oug who wrote (60508)11/4/2000 1:50:53 PM
From: goldsheet  Read Replies (1) | Respond to of 116788
 
You know I think hedging (both commodity and currency) is a legitimate financial risk manaegment tool. Like any tool, however, it can be abused causing damage to either oneselves or to others. Normandy is a much greater danger to the gold markets than Barrick.


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