While the prospect is daunting, the imminent retaliation by Iran for Israel’s attack on its embassy in Syria and the potential for that to lead escalation of the war in the ME and to the closing of the strait of Hormuz will only benefit the POG. That scenario long term though would be detrimental to economies world wide as the rise in oil prices would make current inflation seem mild and which may see major corrections stock markets that would likely see all stocks get hammered regardless of the POG. T
RED Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
