If you will search on our posts, you will see we suggested buying the USO (that’s the most popular ETF tracking crude oil), several of the largest gold miners, and lastly we have repeatedly warned of a toppy market. Now you might say we have been lucky, that the Mideast democracy contagion has worked in our favor
If the Middle East flares up- watch out for the price of oil
In case no one noticed it, the tensions in the region are almost unbearable. Egypt is near financial collapse. Syria already has collapsed. Hezbollah was drawn deeper into Syria’s civil war as 28 fighters from the group were killed and dozens more wounded while fighting rebels, opposition activists said Monday. Russia is moving its fleet of war vessels into the sea off of Lebanon. Well you might say there is no oil there so it doesn’t matter. But it all seems to be connected in this cauldron of religious tensions and cultural mistrust. Iraq, the big prize is rapidly deteriorating. … Read more