from ETFDailyNews.com:
Dominique de Kevelioc de Bailleul: As the latest news from Tehran suggests Iranian oil exports to France and the UK will be cut off in response to EU sanctions on the world’s fifth largest oil producer, the oil price inches to a breakout price above $105 per barrel. Silver, too, is again prepping in sympathy for the possibility of a major move up to test $37, which, if cleared, could prompt traders to eye the last bastion of resistance at $50!
In essence, by his latest move, the confident and smiling and Ahmadinejad has told the Obama Administration to ‘bring it on’ and be thrown out of office as the US teeters to a market-driven bankrupt, not unlike Russia 1989 following its war with Afghanistan.
