Tuesday, Mar 27, 2007
What will this do to oil prices?
MSNBC: U.S. launches show of force in Persian Gulf
The U.S. Navy on Tuesday began its largest demonstration of force in the Persian Gulf since the 2003 invasion of Iraq, led by a pair of aircraft carriers and backed by warplanes flying simulated attack maneuvers off the coast of Iran.
Posted by lvmreader @ 05:25 PM (158 views) Add Comment
2 Comments
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1. layers said...
All the sabre rattling may well become reality soon, and there are more parties wanting this than just the US and its oil interests. So short term this should push the price up, and don't forget the 'soldiers' captured by the Iranians. Please don't let this be Britain's Pearl Harbour. Anyway, go long oil, gold, cereals, and short anything related to housing, manufacturing or financial services - now I expect the opposite to happen!
2. Whiteknight said...
Make sure it is physical gold though.
A piece of paper saying you own some gold could be worth even less than a currency.
The only difference between someone who survives this type of bubble and someone who doesnt is that the survivor will logically work out what is going to happen , formulate a plan however bizarre it seems at the time and execute it. The other logically works out what is going to happen and sits there and watches. He at least has the satisfaction of saying "I told you that was going to happen" as he is buried.