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To: Alan Whirlwind who wrote (21693)10/15/1998 7:44:00 AM
From: Giraffe  Read Replies (1) | Respond to of 116764
 
OIL: Crude falls below $13 a barrel
By Paul Solman
Crude oil prices dropped below $13 a barrel yesterday, ahead of the weekly US petroleum stocks report from the American Petroleum Institute.

In late trading on London's International Petroleum Exchange, the benchmark November contract for Brent blend was $12.94, compared with Tuesday's close of $13.03.

Analysts expect the API report, which was delayed this week from Tuesday because of Monday's Columbus Day holiday, to be bearish for crude prices.

Platinum fell to its lowest level for more than six years in London, "fixing" at $339 an ounce. The precious metal - used primarily in the automotive and jewellery industries - has been suffering from a fall in demand caused by the economic problems in Asia, according to analysts. Japan is one of its main markets.

Meanwhile, Impala Platinum Holdings of South Africa said it had reached a deal to end the 15-day strike over wages at its refineries.

Gold was fixed at $295.30 an ounce in London yesterday afternoon compared with the morning fix of $296.60 and the previous afternoon's level of $295.55.

Base metals traded quietly on the London Metal Exchange, with aluminium closing at $1,353 a tonne, $16 below Tuesday's level. Copper was down $3 at $1,614 a tonne, while nickel was down $5 at $3,845 a tonne.

Coffee recovered some ground on the London International Financial Futures and Options Exchange, with the November contract ending $5 above Tuesday's close at $1,695 a tonne. Cocoa was also stronger than of late, closing up £6 at £994 a tonne.




To: Alan Whirlwind who wrote (21693)10/15/1998 3:26:00 PM
From: Serge Collins  Read Replies (3) | Respond to of 116764
 
David and Alan, Sorry for my outburst as I lost it a bit after being made to look like an apologist for Stalin and his butchery. My point was that we should not abandon the Russian people nor forget their sacrifices. I agree that the non-agression pact gave comfort to Hitler as it removed his fear of being boxed in and probably contributed a great deal to his unleashing the dogs of war. However, Russia was only attempting to remain neutral and was not ready for war as was the case for all of the Allies.

Please recall that at the outbreak of WWII, the U.S. did not even have an army and when soldiers started signing up for active duty after the outbreak of war, they were constrained to training with wooden guns and brooms. Obviously, no one was prepared to fight a war against a country that had geared its whole industry to producing weapons and had been preparing for war for almost six years.

However, once the war started and Russia was attacked it defended itself with intensity. In fact half the total dead of WWII were Russians and their sacrifice made the difference. That might conflict with some people's view of history which appears to be based on nothing more than patriotism and prejudice, but the facts stand for themselves.