With all the new turmoil in Libya it will be interesting to see what gold opens at in Asia

Justacommeman · March 19, 2011 11:35PM

This joint effort bombing all took place after market close on Friday. In fact on Friday during NY trading a Libya crease fire pared oils and golds gains from the open. Oil pulled back $3 from the high off day.

I'm guessing oil will spike in the morning (I'm in Asia) and take gold with it. I'm not one to predict but gold COULD see a new high. It is what it is.

MJ

PerryHall · March 20, 2011 12:14AM

Agree. Starting a third war has to be bullish for PM's.

jmski52 · March 20, 2011 12:21AM

So, does a power vacuum in the Middle East constitute a Black Swan event for metals? Depends on what happens to the "excess" oil supply in Saudi, I think.

derryb · March 20, 2011 12:28AM

How many wars at one time and how many participants before we call it "World War?"

ricko · March 20, 2011 3:12AM

"How many wars at one time and how many participants before we call it "World War?""

From the Islamists perspective, it already is - and has been all along. Cheers, RickO

fivecents · March 20, 2011 3:15AM

<< From the Islamists perspective, it already is - and has been all along. Cheers, RickO >>

johnny9434 · March 20, 2011 3:24AM

<< How many wars at one time and how many participants before we call it "World War?" >>

good question. seems like thats where its headed with north korea and the sorts

gsa1fan · March 20, 2011 3:54AM

<< How many wars at one time and how many participants before we call it "World War?" >>

I would not call policing/nation building a war.

edmundfitzgerald · March 20, 2011 4:36AM

I'll guess gold will be up +15.80 on Monday. Just a guess.

SUMORADA · March 20, 2011 5:40AM

I'm guessing oil will spike in the morning (I'm in Asia) and take gold with it. I'm not one to predict but gold COULD see a new high. It is what it is.

PerryHall · March 20, 2011 6:20AM

<< 

<< How many wars at one time and how many participants before we call it "World War?" >>

I would not call policing/nation building a war. >>

Is that what they are calling the firing of over 100 tomahawk cruse missles at the air defenses of another country?

57loaded · March 20, 2011 6:26AM

<< How many wars at one time and how many participants before we call it "World War?" >>

when our president says so, but since he is on vacation, it must not be there, yet

renman95 · March 20, 2011 7:42AM

<< 

<< How many wars at one time and how many participants before we call it "World War?" >>

This morning on CNN Christiane Amanpour she started her show with "America is at war with three Muslim nations."

when our president says so, but since he is on vacation, it must not be there, yet >>

He better not watch the Brazilian national news. I left Sao Paulo last night and saw a disparaging commercial that was repeated many times while at the airport. It was a montage of posters, you know, the Hope and Change posters. Well, they were morphed into No Hope and despair with a beaten down President.... He's not well received there.

gsa1fan · March 20, 2011 8:07AM

<< 

<< 

<< How many wars at one time and how many participants before we call it "World War?" >>

I would not call policing/nation building a war. >>

Is that what they are calling the firing of over 100 tomahawk cruse missles at the air defenses of another country? >>

I was referring to Iraq-policing & Afghanistan-nation building.

Bombing Kadaffy with every thing = Now that's WAR!

cohodk · March 20, 2011 10:30AM

This morning on CNN Christiane Amanpour she started her show with "America is at war with three Muslim nations

I do believe she is Muslim.

CaptHenway · March 20, 2011 10:38AM

<< This morning on CNN Christiane Amanpour she started her show with "America is at war with three Muslim nations

I do believe she is Muslim. >>

With a name that is the feminine form of "Christian????????"

I don't think so, Tim.

There are many Christians from the Middle East. Lebanon used to be about half Christian. Remember Danny Thomas, founder of St. Jude's Hospital? Proudly Lebanese.

Justacommeman · March 20, 2011 11:13AM

<< 

<< This morning on CNN Christiane Amanpour she started her show with "America is at war with three Muslim nations

I do believe she is Muslim. >>

With a name that is the feminine form of "Christian????????"

I don't think so, Tim.

There are many Christians from the Middle East. Lebanon used to be about half Christian. Remember Danny Thomas, founder of St. Jude's Hospital? Proudly Lebanese. >>

She spoke and spoke well at my sons commencement. Her Dad is Iranian (Persian) and her mother a Brit. She was born into money. Not really sure what her religion is but she has been accused of being pro Muslim by her detractors...............MJ

OPA · March 20, 2011 11:18AM

<< With all the new turmoil in Libya it will be interesting to see what gold opens at in Asia >>

So far it appears to be a Non Event. It remains to be seen if that holds when the US Market opens.

Justacommeman · March 20, 2011 11:42AM

Agreed OPA. I was just about to post that..............Oil up but not spiking. MJ

edmundfitzgerald · March 20, 2011 6:58PM

<< 

<< This morning on CNN Christiane Amanpour she started her show with "America is at war with three Muslim nations

I do believe she is Muslim. >>

With a name that is the feminine form of "Christian????????"

I don't think so, Tim.

. >>

Do we have a Christian president with the name Barack Hussein Obama ???
Could we say "I don't think so" to that one too

CaptHenway · March 20, 2011 10:04PM

<< 

<< 

<< This morning on CNN Christiane Amanpour she started her show with "America is at war with three Muslim nations

I do believe she is Muslim. >>

With a name that is the feminine form of "Christian????????"

I don't think so, Tim.

. >>

Do we have a Christian president with the name Barack Hussein Obama ???
Could we say "I don't think so" to that one too

>>

What major religion is "Barack" part of the name of?

OPA · March 20, 2011 10:12PM

Christiane Amanpour

Born: 12-Jan-1958

Birthplace: London, England

Gender: Female
Religion: Roman Catholic
Race or Ethnicity: Middle Eastern
Sexual orientation: Straight
Occupation: Journalist

Nationality: England
Executive summary: Host of ABC's This Week
Link

PerryHall · March 20, 2011 10:30PM

Wow! It didn't take long for this thread to go off topic.

roadrunner · March 20, 2011 10:59PM

Gold should pull back shortly to <$1420 to close that Sunday night overseas gap. Too big a gap to leave open very long.

roadrunner

renman95 · March 20, 2011 11:08PM

<< 

<< 

<< 

<< This morning on CNN Christiane Amanpour she started her show with "America is at war with three Muslim nations

I do believe she is Muslim. >>

With a name that is the feminine form of "Christian????????"

I don't think so, Tim.

. >>

Do we have a Christian president with the name Barack Hussein Obama ???
Could we say "I don't think so" to that one too

>>

What major religion is "Barack" part of the name of? >>

Hebrews, from the Bible...New Testament..........therefore Christian.

BTW, Muslims read the Torah, Gospels, and Psalms (when they can get a copy) to supplement the Koran. Most don't because they are not available. Since the Koran supercedes the Bible it is the final authority. They also revere Adam, Abraham, David, Solomon, and Jesus. The similarities end there though.

Justacommeman · March 21, 2011 11:42PM

<< Gold should pull back shortly to <$1420 to close that Sunday night overseas gap. Too big a gap to leave open very long.

roadrunner >>

GREAT GREAT call. It just filled that gap and bounced $7 directly. I wonder if any other traders saw and traded that?

No gap will be left behind.................MJ

jmski52 · March 22, 2011 12:44AM

Martin Armstrong says some interesting things about June. He also says that the main problems are worldwide sovereign debt default and the likelihood of a worldwide food crisis - and that Libya is only a peripheral influence on gold, as is inflation.

How & When - Martin Armstrong

Armstrong says that if we don't get a low in gold within its rising channel in June, we are likely to see gold spike rather high, with a subsequent blowoff around $1775.

He says that if gold makes it's low and starts to make a transition from being seen as an inflation hedge to a sovereign debt default hedge, then it is making a critical phase transition. If that transition is now occuring, he wants to see a low for gold in June which then leads to an interesting 8.6 years in his cycle, i.e. a real explosion in gold price moves, reflecting sovereign debt defaults and governmental collapses.

His model is the Economic Confidence Model that tracks hot money as it flow around the world. The more I read of his stuff, the more sense he starts making. And of course, he sounds "crazy" to the uninitiated.

pf70collector · March 22, 2011 2:21AM

We used 125 missles already at cost of $125 million. No worries. The war machine is always great for the economy. Guess we need to replace what we used. We will just add it to the debt. Its all going to collapse anyway. Nobody cares.

yellowkid · March 22, 2011 5:08AM

<< "How many wars at one time and how many participants before we call it "World War?""

From the Islamists perspective, it already is - and has been all along. Cheers, RickO >>

You mean for a tiny sliver of the worlds Islamist population........

With all the new turmoil in Libya it will be interesting to see what gold opens at in Asia

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