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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: CommanderCricket who wrote (58498)2/2/2006 2:16:37 AM
From: energyplay  Read Replies (2) of 206177
 
ABout a week ago, Jaques Chirac of France made a deliberate reference to the use of nuclear weapons to retaliate for any terrorist attack on France. Iran was the pretty clear target of that message.

I will bet that the US and the UK have a pretty aggresive posture with respect to Iran's nuclear plans.

I expect this crisis to go right to the edge - maybe to when the bombers are enroute.

I think the chances of Iran backing down are less than 50%.

I think that the US, UK , France, and some other countries see stopping Iran as a survival issue. They look at the Iranian leadership and see Hitler.

I think Iranian facilities will be bombed.

Not sure of the time lines, maybe before the end of March.

I expect any effort to interrupt oil flow will meet with retaliation.

*****

I think this means a price spike for oil to over $ 100, maybe $120 or more.

I expect oil stock prices, especially those with no Middle East exposure, to zoom.

I don't see the chain of events being stopped.

God help us.
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