by Michael Noonan, Edge Trader Plus:
Obama is ultimately bullish for gold and silver. His erratic and often incompetent decision -making can only cause both PMs to rally. Here is part of the reason why:
Russia’s entry into the Syrian conflict to fight real terrorists is as much a side-show as it is a pivotal power play and game changer for Putin in the Middle East [ME]. We continue to report on this for diametrically opposed reasons. It puts a glaring focus on Obama’s political inabilities, similar to watching a satirical comedy sketch, while at the same time, there is the potential for WWIII, mostly due to the instability of US policies. This is a tragicomedy unfolding before us on the world’s stage.
Putin is playing his cards exceptionally well, while Obama plays a Joker’s hand. From being a dominating factor in the ME for decades, Obama and his team of neocon misfits have turned tail, slinking away from what power it once exercised. If events continue as Putin has been directing, even Saudi Arabia and Qatar will suffer financially, much more than imagined even from as little as a year ago.
Coat-tailing off of Russia’s new-found force, Iran has been a background player throughout the Syrian civil war, [started at the behest of Obama wanting to oust Syrian President Bashar al-Assad, to be replaced by a Western-selected puppet.] Since the Russian air attacks, Iran now openly sends its troops to fight along with Syrian forces and those of Hezbollah. There are implications that a Russian-Iranian axis could challenge the dominance of the Saudis and their control over oil pricing. Russia and Iran would love to see oil back at the $100 mark, and greater control by them can only add pressure to the existing Saudi corner on pricing oil.
As if Obama’s decision-making could not get any worse, after openly refusing to join Russia in a coalition to fight the same ISIS the US has been purportedly fighting for the past 14 months, and without success, after consulting with a few of his advisors, Tweedle Dee and Tweedle Dum, he decided to air drop 50 tons of ammunition into middle of the terrorist fighting with the “hopes” that the ammunition will be found by the good terrorists and [unsaid, used to fight and defeat Assad].
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