Tuesday, February 16, 2010
Gold Stocks Draw Funds as Gold Price Surges
Seeing Success in Failure, Obama Administration is Still Committed to Engaging Nuclear-
Arming Iran
Monday, February 15, 2010
SOCIETE GENERALE PREDICTS COLLAPSE OF EURO
Clinton: Iran Becoming Military Dictatorship
Tuesday, 16 February 2010
china confidential
Gold and gold stocks are soaring, in line with the China Confidential forecast. Click here, here, and here for news and analysis.
China Confidential analysts see $1,400 an ounce as the next major milestone for bullion; after that, they predict, gold will climb to $2,000 or higher before the end of the year.
Even though the Obama administration's pursuit of new sanctions on Iran is a tacit admission that its policy of engagement--code for appeasement--has failed to positively influence Iranian behavior, the administration insists that it is still committed to engaging the Islamist nation, which has proclaimed itself a nuclear power and, according to U.S. Secretary of State Hillary Clinton, is in the process of becoming a military dictatorship. The party line emanating from the White House is that contrary to popular perceptions, engagement has been a good thing.
“What the president has achieved is that he has outed Iran,” a senior administration official said Friday. He said Iran, by refusing to respond positively, had exposed itself as uninterested in a better relationship with the United States.
That is now the central point of the new White House outlook on engagement, and it extends, administration officials say, to Venezuela, North Korea and Cuba as well. Mr. Obama, for instance, was criticized for shaking hands with Venezuela’s president, Hugo Chávez, at a summit meeting in Trinidad and Tobago last year, but White House officials say that gesture has helped with Latin American views of Mr. Chávez’s anti-American rhetoric.
In the months ahead, administration officials hope they will benefit from a global perception that Mr. Obama has reached out to North Korea, Cuba and even Syria.
Click here to read the entire Times article, which is headlined, "U.S. Encounters Limits of Iran Engagement Policy." The spin is dizzying--and disgraceful.
CHAOS COULD LIFT DOLLAR AND ALSO MAKE GOLD PRICES SOAR
Strategists at Societe Generale, one of Europe's oldest and largest banks, are predicting thetotal collapse of the Euro, the official currency of the European Union.
China Confidential analysts believe gold will rise in price as investors seek safe havens in the coming chaos. Although the dollar could increase in value against European currencies in the coming weeks, which, historically, would translate into declining gold prices, the global economic uncertainty is also likely to make gold more attractive.
Internationally, the fear of a double-dip recession--and a global depression--is palpable.
Add a war with Iran to the mix--appeasement has made war inevitable--and gold could easily climb to $2,000 an ounce or higher before the end of this year.
In the meantime, Marc Faber says gold will never collapse. The Swiss fund manager and Gloom Boom & Doom editor
said the governments of every developed economy will eventually default on their sovereign debts, so the one thing he will never do in his life is 'sell my gold.'
Potential defaulter include the US, the UK and Western Europe.
U.S. Secretary of State Hillary Clinton, speaking in Qatar, said Monday that the United States believes the "government in Iran, the supreme leader, the president, the Parliament, is being supplanted [by the Revolutionary Guards Corps] and that Iran is moving towards a military dictatorship.” Click here for the story.
The mullahocracy has morphed into a military dictatorship. Ahmadinejad and the Iranian Revolutionary Guard Corps are in charge.
That the maniac-in-chief and the men with the guns are also Islamist zealots--Shiite fanatics with apocalyptic visions and fantasies--should cause Americans to question their government's decision to engage (appease) the nuclear-arming regime. Iran's foreign policy is imperialist; like Nazi Germany before the Second World War, Iran intends to overthrow the status quo, regionally and globally. A regime like that can't be appeased.
In related news, the U.S. has given Israel a red light on a military strike against Iran's nuclear sites, according to a report--read it here--in the Jerusalem Post.
So many questions as the countdown to conflict continues:
Washington's red light--is it steady or flashing?
Will the light change? WIll Israel be blocked at the crucial intersection?
WIll Clinton resign if Iran becomes a nuclear-armed state?
Time will tell.
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