SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Scott Shumaker who wrote (7007)1/8/1998 6:49:00 AM
From: Scott Shumaker  Read Replies (1) | Respond to of 95453
 
FWIW, Indonesia was down 19% before closing -11%. Rumors about the Ministry of Finance balking on the IMF deal, and the country defalting on its debts, lead to reports of panic food buying. The top general of the military has already warned against any social unrest. The public/investor fear/panic could start to get ugly in Asia.

I don't know what it means for the oil sector, but as the PEngr post mentioned, the macro could get ugly hear in the U.S.

Scott