Tag Archives: Iran
Iran Continues to Buck Sanctions Sells to Private Parties in EU
I’m sure Herman Van Rumpoy and company are extremely unhappy with the news that Iran has struck deals with a private consortium of refiners in Europe to sell them oil… Read more
Gold and Oil Pop on Reality Reasserting Itself
Now that the nonsensical notion that the western central banks were not going to print,baby, print to oblivion has been summarily dispensed with, gold and oil can get back to… Read more
ISM Miss Means Print, Baby, Print
After 4 months of harsh monetary tightening by the Federal Reserve attempting to have the strength to force the global monetary system to its crisis, a period in which the… Read more
U.S. Backs off Sanctioning China and Singapore
In a monumental miscalculation the U.S. State Dept. underestimated the resolve of China to defy their mandate to isolate Iran from the world trade markets. The whole thing looks like… Read more
U.S. Exempts Pretty Much Everyone Except China of Iran Sanctions
With the exception of Singapore (AMEX:EWS), China is the last country to not receive an exemption from sanctions set to go into effect on June 28th. The U.S. (and their… Read more
Oil Rout Continues on U.S. Slow Down
The decline in commodities this summer is eerily similar to the one that happened in the summer of 2008. The difference this time is that Gold (AMEX:GLD) is most likely… Read more
BRICS Currencies Continue to Be Attacked
Since the SWIFT-Boating of Iran in March one can look back through the various forex crosses of the countries that have openly defied the United States, continuing to do business… Read more
Gold Survives Multiple Attacks, Closes Flat
Well, it would be more accurate to say that gold closed capped at $1644.95 per ounce. After surviving multiple attacks both before Bernanke opened his pie-hole to say that he… Read more
Gold Up but Cannot Hold $1650
Data from the IMF for March revealed that central banks were serious buyers of gold with Russia and Mexico added more than 16 tons each. Turkey added 11.5 tons. That… Read more
Brent/WTI Spread Continues to Tighten, Gasoline Steady
With the news the other day that the Seaway pipeline repairs are ahead of schedule and the pipeline could be pumping oil away from Cushing Oklahoma as early as mid-May… Read more
Obama Demonizes Speculators, Oil Rises
In a speech only a die-hard progressive Marxist (read: moron) could love, U.S. President Barack Obama urged Congress to stiffen penalties for those who speculate on oil. Oil is too… Read more
Shell Struggling To Pay for Iranian Oil
Royal Dutch Shell together with France’s Total and Turkey’s Tupras are facing problems to pay for Iranian oil they bought. Shell owes $1 billion to Iran for crude oil. Financial… Read more
