FAR 1.92% 51.0¢ far limited

Meanwhile in Iran

  1. 6,054 Posts.
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    While the FAR forum more and more resembles the Middle East, in the real world the sabre rattling intensifies between the USA & Iran.
    Trump has surrounded himself with hard nosed hawks and my guess is that they are itching for a war.
    We have people sharply divided the world over and a war seems inevitable to me.
    The entire world economy is staring into the abyss.
    Iran will need to think very carefully about provoking this new administration.
    The POO will skyrocket to $150 if the US starts dropping bombs on Iran.
    The POO will easily hit $80 if the US imposes sanctions on Iran.
    Companies like Total have just entered contracts with Iran worth $6 billion.
    They will have to pull out.
    China have entered huge contracts as well.
    Will they pull out?
    These are dangerous and scary times and things could get very ugly very fast.
    Oil & Gold may be the best way to protect ourselves if the worst case scenario plays out.

    http://mobile.reuters.com/article/newsOne/idUSKBN15J0BM
 
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