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Politics : Gold and Silver Stocks and Related Commentary
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To: rubbersoul who wrote (2237)1/2/2005 9:11:24 PM
From: orkrious   of 18308
 
scary thought from faber

I think you are a real optimist to even consider a positive outcome for Iraq. I think the outcome can only be negative. Supply will not rise very much for the foreseeable future. In addition to that, we have reliable information the Iranians are pushing ahead with their nuclear weapons program. They have also tested ballistic missiles that can carry nuclear warheads. I think it is quite likely that some time in the next 6 to 12 months either the Americans or the Israelis will bomb nuclear facilities in Iran. If that happened, I think the mess would really escalate in the Middle East. In retaliation, the Iranians would aggressively support the militants in Iraq and they would also launch strikes in Saudi Arabia, which they view as an ally of the US. So let's just say the bombing of nuclear facilities in Iran could trigger an escalation in conflict.
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