GOLD 0.51% $1,391.7 gold futures

just like '99, page-9

  1. 457 Posts.
    Very interesting analysis

    However Gold is not the causation of the recent troubles with Al-Quiada. The US and Saudi relation goes way further back than the early 70s and Nixon.

    The US base and the heavy backing of the Royal Saudi Family is also intertwined with the story of IRAN. And also to lesser extent the protection of King Saud's rule and legitimacy over his population as there have been many Arab revolutionists lurking to topple him. (1962 Yemeni Revolution)

    Going back to the Iranian link, The fall of Iranian Shah in the late 70's created the tense situation of Sunni vs Shia which necessitated the US base in Saudi. Also remember the western backing of Saddam Hussein who took the fight to the Ayatollah controlled Iranians in the early 80's and created a geographical buffer.

    Now importantly you must follow this situation back to the reason why in the 70's the Iranian population revolted in the first place and created a hostile nation towards the Arabs and the West. You are then lead to the 1953 Iranian Coup in which the Shah backed by Western interests and businesses (BP Oil) deposed of the then democratic government.

    Ultimately the causation of all this turmoil in the middle east goes back well over 100 years as Western businesses and politics have screwed the area over for its resources and wealth.

    Oil is the main resource and the main culprit in the woes suffered by people there. Not Gold.
 
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