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


To: RGinPG who wrote (12675)2/24/1998 3:47:00 AM
From: Jess Beltz  Read Replies (1) | Respond to of 95453
 
Guys, take a look at this and tell me you feel good about tomorrow.

biz.yahoo.com

particularly:

"Traders said they expected a further sharp decline Tuesday if the Security Council accepts the terms of the deal negotiated by Secretary-General Kofi Annan. Annan was due to address the council around midmorning on Tuesday after returning from Baghdad. Early indications from Washington, London and elsewhere were that the deal would be cautiously accepted.

''Once the Security Council accepts this deal, oil prices are going to go straight down. Then, for OPEC it is a game of chicken and who is going to blink first, the Saudis or the Venezuelans,'' Roger Diwan, an analyst at Washington-based Petroleum Finance Corp., said.

It don't look good to me.

jess.



To: RGinPG who wrote (12675)2/24/1998 5:25:00 AM
From: Dwight E. Karlsen  Respond to of 95453
 
I can tell you one...that spike in the middle of your oil chart going from $17 to $35,..that was when Saddam Hussein invaded Kuwait..second half of 1990...you can see the sharp drop-off after that...that would coincide with the US military buildup, culminating in the Jan. 1991 US invasion of Kuwait, driving out Saddam.

DK

Very interesting chart, btw. Bravo, great job.