Middle East woes & impact on gold price
Oil producers:
Libya is ranked 18th, so unlikely to have impact on oil price
however
Iran (4) sell most of its output to SE Asia, you could say its in US interest to disrupt Iran oil to squeeze China
Major western nation suppliers: Saudi (1), UAE (8), Kuwait (11). Highly unlikely that unrest spread to Saudi, if it did, US will send in the Marines
Likely impact of major disruption that drives oil price over $150
Initially drive up gold price
Then major contraction in manufacturing & food production
gold price will fall dramatically - aided by countries re-introducing anti hording laws for gold
IMO, currently good time to be in gold producing cos like FML
7c - i like it, page-8
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