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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (80463)	11/30/2000 9:57:43 PM
From: isopatch	Read Replies (1) \| Respond to of 95453

JoeDi123 just called and passed along some news worth sharing: NYMEX increased the margin requirement on the NG contract today. On current contract value of $67,000, they increased required margin from $8,500 to $10,750 per contract. Crude oil margin uncng at $5,000 per current contract value of $34,000. Perhaps more important is strong evidence that the US economy is NOT going to have a soft landing this time. Chicago Purchasing Mgrs survey dropped from 48 to 41 in one month! If "easy Al" IS going to ease? "Ahhhh, now would be a good time Mr Spock!" Isopatch