Posted by rahrens_1 on May 10th 2011
It looks like Qaddafi has had electronic counter-measures imported allowing him to evade attacks. Also Syria and Iran are closely watching how ineffective NATO without the US has been. See full article here.
Posted by rahrens_1 on April 12th 2011
Back when Egypt was falling apart, not that it still isn’t, the Saudi king was very upset with the US for allowing his good friend Hosni Mubarak to fall. Rumor has it that the King almost or in fact did suffer a heart attack after talking to Obama about the way things were going in [...]
Posted by rahrens_1 on April 05th 2011
It was an incredible day for gold today, broke thru the $1444 and closed around $1456 and new all time high. A close above $1444 bodes well for moving higher but I can’t image it not taking a break tomorrow. Norcini considered $1450 the level after $1444 was breached, the next level is around $1462 [...]
Posted by rahrens_1 on April 04th 2011
The world and the main stream media seem insistent on focusing primarily on Libya, secondarily on Japan and everything else in the Middle East tertiary. It should be noted that each of these events are domestic events. Not that each of these events aren’t important but is a larger storm brewing over Bahrain? A full [...]
Posted by rahrens_1 on March 25th 2011
Latest Don Coxe comments (dated Mar. 25nd, 2011) Middle East Developments of war in Libya He believes Obama is trying to go after Libya but have someone else oversee it to get the UN resolution had to take out wording about getting rid of Gaddafi he see’s Libya as a morale problem for the US [...]
Posted by rahrens_1 on March 14th 2011
Definitely not quieting down over there, says Bahrain loosing confidence they can contain the situation. See here
Posted by rahrens_1 on March 10th 2011
More than ever people are speculating on $150-200/barrel oil. Rick Ackerman over on goldseek.com see’s $109 as a trigger price, and if it punches thru $109 then it could sail to $151 from his perspective. Rick also comment’s on someone he knows in Saudi Arabia on the ground that doesn’t see protests getting out of [...]
Posted by rahrens_1 on March 10th 2011
Saudi Arabia tried to put their foot down. from investmentwatchblog Paying Kuwait’s citizens $3500 isn’t stopping unrest there, what reason do we have that it won’t happen in Saudi Arabia also.
Posted by rahrens_1 on March 08th 2011
Well it looks like my earlier comments are coming true. Protests starting to heat up in Kuwait, Zerohedge did I mention they are the 4th largest oil producer?
Posted by rahrens_1 on March 08th 2011
Report that the Saudi’s may have been increasing production before they announced it needed to go up. FT article