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: SliderOnTheBlack who wrote (31707)11/11/1998 1:55:00 PM
From: marc chatman  Read Replies (2) | Respond to of 95453
 
<<CASH .....gotta keep some here imho>>

Absolutely. Sector is in the midst of a short term move down. It's a good idea to look for support levels before trying to catch the knife (take it from one who got cut).

Anyone trading the events in Iraq is gambling IMO. Good luck to anyone who tries it (sincerely). I'm not saying it won't work, just that it may not be a very high %age play.



To: SliderOnTheBlack who wrote (31707)11/11/1998 2:11:00 PM
From: Ditchdigger  Respond to of 95453
 
Keep thinking I want to snatch NE @ 15, but beginning to believe it will get cheaper.Todays US performance will weigh heavily on the Asian and Euro markets tonight,which inturn,will play on tomorrows US performance-what a cycle<g>-Welcome to the over bought zone<lol!>.DD



To: SliderOnTheBlack who wrote (31707)11/14/1998 11:45:00 AM
From: P.Prazeres  Read Replies (1) | Respond to of 95453
 
Iraq To Allow Inspections To Resume

By LEON BARKHO Associated Press Writer

BAGHDAD, Iraq (AP) - Iraq will allow U.N. weapons inspections to resume
without conditions, U.N. special envoy Prakash Shah said today. The response
could avert a U.S. military attack.

Iraq's ambassador to the United Nations said inspectors would be allowed to
return immediately.

''They will be allowed any minute they want to to go back and to resume their normal work,'' Nizar
Hamdoon said.

Shah said the Iraqi leadership sent a letter to U.N. Secretary-General Kofi Annan saying that he will allow
the work of inspectors from the U.N. Special Commission and the International Atomic Energy Agency to
resume at suspected weapons sites.

There are ''no conditions ... in this letter,'' Shah said.

''The point ... is that the leadership of Iraq has decided to resume working with UNSCOM and IAEA and
allow them to perform their normal duties,'' Shah told a news conference.

Saddam's decision could defuse the crisis over arms inspections that has led to threatened American attacks
on Iraq and a buildup of U.S. military forces in the Gulf.

Hamdoon delivered a letter today to Annan's residence. Annan, meeting with reporters outside the
residence, said of the letter, ''I think it's positive.''

He said the Security Council would meet at 3:30 p.m. today, ''and they will have this letter before them.''

''They will decide what next to do,'' Annan said.

Asked whether the weapons inspectors would now be returning to Iraq, Annan replied: ''Once the issue is
resolved, that's what I think should happen.''

Hamdoon said Friday that Annan had sent a letter to Saddam. He said he didn't know the contents, but
Western diplomats said it repeated Annan's urgent appeal Wednesday for Iraq to resume cooperation with
the inspectors immediately.

It was understood in Baghdad that the letter contained a personal pledge by Annan to work for the lifting of
U.N.sanctions on Iraq if the weapons inspectors were allowed to go back to work.

Iraq had demanded that the U.N. Security Council, in offering a comprehensive review of the U.N. arms
inspections, specifically say that review was designed to end the sanctions, which ban Iraq's free export of
oil and have devastated the country's economy. The sanctions were imposed after Iraq invaded neighboring
Kuwait, sparking the Gulf War.

Such a promise from Annan would be less than a Security Council pledge, but it could offer Iraq a way out
of the current crisis as an American attack on the country appeared more and more likely.

The news of the breakthrough came after statements Friday by both Iraqi President Saddam Hussein and
President Clinton appeared to offer little hope of ending the crisis.

Iraqi newspapers today appealed for Arab help in the event an attack was launched, and Iraqis took to the
streets in government-organized demonstrations backing Saddam.

''With our blood and souls we shall defend you, Saddam,'' chanted members of the ruling Baath Party, while
at another demonstration Iraqi workers trampled on and burned American and Israeli flags.

In his statement Friday, Saddam made clear that nothing less than a pledge to lift U.N. sanctions would end
the standoff.

Saddam insisted he was not trying to create a crisis with his decisions in August and last month to block the
searches by U.N. inspectors for hidden weapons.

Referring to Iraq's insistence that it see a path toward ending U.N. trade sanctions, Saddam declared: ''Iraq
will accept positively any initiative that meets these just and balanced demands.''

But Clinton declared the standoff would only end when Iraq resumed its cooperation with the U.N. Special
Commission.

The Security Council says the trade sanctions cannot be lifted until the inspectors certify that Iraq has
destroyed its weapons of mass destruction.