Middle East heating up and what do you know oil and gold rallying while rest of markets tank bad. Cup of stagflation soup anyone?
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Lines Being Drawn in the Sand
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Beautiful sunny weather here in Sask...let them play in the sand.
Oil is in abundance, just jiggle the ground a bit and out she comes.
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Religion and oil, just like throwing gas on a fire... with the creation of ISIS as the focal point and now your right - the lines are being drawn in the sand. For now the big boys are watching Saudi/Iran from the sidelines, if it blows up the U.S. and Russia may have to pick sides just like with Assad in Syria. Almost like a game of chess being played out.
We think we have trouble here, but we are lucky to be here and not there - for now.
I still believe oil will be $50 before long and not go to $20 - they will make sure. The Saudi's and UAE love their lavish life styles too much now.
China, the U.S. and most of Europe like low $ oil. Russia, Syria and Iran need high $ oil. So the game is on to balance it out between $100 and $20 oil.
Canada does what it is told for the most part.
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