The House of Saud is giving away $37 billion dollars to placate its citizens. What the fuck!? Is Ben Bernanke giving them advice or some shit? You don’t give away anything. Tyrants are supposed to order jets to drop bombs on protesters, not flower them with coin. This will not go over well in the middle east. They will view it as a sign of weakness and desperation. The plebs will curry to eat the King’s liver. I realize if the crisis ends, gold,silver and oil will take a hit. However, what if it escalates?
If you are short stocks, what if the crisis ends? You will get your dicks cut off is what will happen. I insist, with the stubbornness of 10 cement heads, being long gold, silver and oil is the way to play this bullshit. However, if your stocks are underperforming, sell them immediately. Get long stocks that are responding to this nonsense, sort of like how I swapped out of ATPG for CLR and AG yesterday.
The oil sector is much stronger today, as investors start to understand how stupid they were for selling yesterday. This is NOT about price of crude. This is about access to reserves. Should Saudi oil go offline, the world is fucked. Those in possession of oil will be “rich as fuck,” while the world burns. You need to get with this end game shit, else lose your house.
As for me, I will be monitoring the egregious events in the middle east, like an Israeli spy.
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