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Tag Archives: Iran

Iran Continues to Buck Sanctions Sells to Private Parties in EU

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

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

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

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

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

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

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

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

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

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

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

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 »