Michael's Market Comment Wed May 23

Money Talks May 19th

War Imminent In Straits Of Hormuz? $200 A Barrel Oil? PDF Print E-mail
Written by John C.K. Daly of OilPrice.com   
Tuesday, 03 January 2012 12:58

The pieces and policies for potential conflict in the Persian Gulf are seemingly drawing inexorably together.
 
Since 24 December the Iranian Navy has been holding its ten-day Velayat 90 naval exercises, covering an area in the Arabian Sea stretching from east of the Strait of Hormuz entrance to the Persian Gulf to the Gulf of Aden. The day the maneuvers opened Iranian Navy Commander Rear Admiral Habibollah Sayyari told a press conference that the exercises were intended to show "Iran's military prowess and defense capabilities in international waters, convey a message of peace and friendship to regional countries, and test the newest military equipment." The exercise is Iran's first naval training drill since May 2010, when the country held its Velayat 89 naval maneuvers in the same area. Velayat 90 is the largest naval exercise the country has ever held.

 

 
buy cialis online
21 May 2012

Dennis Gartman is arguably the best known trader in North America but the emphasis   Read more...