Has The Spark From The Middle East Ignited Gold, Silver and Oil on Fire?
Middle East: 2012′s Black Swan
For many centuries, the Middle East has been a simmering cauldron that now may be coming to a boil. Across the centuries we have witnessed world events being influenced by what occurs in this geopolitical arena.
We have only to witness Abel and Cain, Esau and Jacob, Ishmael and Isaac, among others. Even today, these classic blood feuds continues across the centuries. They extend as far as Egypt,Darfour, Kashmir, Somalia, China and most recently Mali where there are many major gold mining companies operating.
This brings us to this moment. We must keep an eagle’s eye on the Iran-Israel situation. The main issue is that Tehran must sense that this moment presents them with a critical window of opportunity. While The West is struggling to make some sense of a troublesome economic morass, Iran is working 24/7 to come up with a working nuclear warhead.
Oil has rallied off lows in October for six straight months outpacing equities, treasuries and precious metals. It may be receiving a premium due to the Middle Eastern turmoil and may be forecasting an oil spike. The $115 mark is a key psychological area which is about to be reached again and a breakout could cause a spike to $150. Are investors positioning for a black swan event in the Middle East?
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