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

To: JGreg who wrote (4453)	12/4/1997 11:48:00 AM
From: bw	Read Replies (1) \| Respond to of 95453

Greg...Big article in San Jose Mercury this morning that basically S.Korea "has agreed to an austerity program in exchange for $55 billion". It will slow the pace of growth for S.Korea, but means that they have accepted reality, and had to "swallow their pride". The US and several other nations also agreed to provide $20 billion more as a "second line of defense" if needed. The S.Korea market reacted to the plan with a big jump overnight; that was really what the very good news was to the US market and the drillers today...It shows confidence in the fact that there at least is a plan in place now.