2/20/11

Question

Feb. 20 (Bloomberg) -- Persian Gulf shares slumped, sending Dubai’s benchmark stock index down the most this month, on concern political unrest in the region may spread.

Arab governments are cracking down on pro-democracy activists as uprisings that toppled leaders in Tunisia and Egypt spread to Libya, Algeria, Yemen and Bahrain. Prince Talal Bin Abdul Aziz, a member of Saudi Arabia’s royal family, warned on Feb. 17 that the kingdom may see protests unless King Abdullah Bin Abdul Aziz introduces reforms, according to BBC Arabic TV.

This is what Israel probably feared. And I am sure she is prepared to handle it. What will the USA do if Iran puts its warships in front of, say, Libya, or Egypt, or, yes, Israel? 

No surprise oil stocks and gold are strengthening again.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest

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