As I pen this article, gold is at $950 per ounce and I believe it will head over $1,000 in the near term. After that, my long-term target for gold is $2,000 per ounce and beyond. This is an opportunity for you to double your money. Buy gold…
Who knew that oil, once the pariah of the western world, would have such a positive role in the Obama’ Administration. Senator Clinton couldn’t have asked for a better ally. Oil is bringing America’s strongest enemies to their knees and reminding Europe why Russia isn’t such a great neighbor after all.
A report in the right-wing Israeli newspaper The Jerusalem Post claims that President Bush intends to attack Iran in the upcoming months, before the end of his term.
The move would play further havoc with oil prices, and could send the price of oil spiraling to $200 and beyond.
Iran claims to have the world’s third largest reserves of oil at approximately 136 billion barrels as of 2007. The country ranks second if Canadian reserves of non-conventional oil are excluded.
US bomb threat to Iran hikes oil price. Here’s the clever way to play it, and it’s NOT by investing in oil. Chairman of the Joint Chiefs of Staff, Mike Mullen, has warned Iran not to assume the U.S. military can’t strike.
Iran has stopped trading in US dollars for oil, according to a top Iranian oil ministry official.
The official, Hojjatollah Ghanimifard, told Iranian state-run television today that “the dollar has totally been removed from Iran’s oil transactions,” and that the country has “agreed with all of our crude oil customers to do our transactions in non-dollar currencies.”
The dollar’s spending power, like it or not, is at the mercy of Iranian president President Mahmoud Ahmadinejad, says Addison Wiggan