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

To: Crimson Ghost who wrote (31033)	10/22/1998 8:26:00 PM
From: gregor	Read Replies (1) \| Respond to of 95453

Hi George : With exports hitting records every month, rate cuts here are perceived as very bullish to SE asia. Look for new records to be set in exports. Also, since, mid east oil purchases are transacted in dollars the perception is that the dollar can only strengthen from these levels; I will just about eat my hat if the yen for example isn't trading for more yen to the dollar in the months ahead. So comparatively, the dollars (of ours) going overseas to pay for oil will be buying more and will stimulate demand, not in dollar terms but in terms of what those dollars will buy in SE asia. Last look for a mid east peace agreement to put a feather in the hat of world confidence, and ensure the survivability of Clinton. And not to overlook the most important observation if those oil dollars are paying for oil at higher prices then the whole demand curve shifts to the right for se asia; and of course we may get a little of those dollars back here to buy goods in the USA. click! (what was that sound ) oh ! my furnace just came on for the first time this fall, must be getting colder outside.)) I'm serious ! When we are at the nadir of despair it doesn't take a lot of optimism to really start a stampede and we are clearly in one right now; hang on tight, looking for 75 in the OSX within two weeks. gregor