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There isn't a cat in hell's chance of any action by the Iranians or the Israelis.

There's so much noise it's ridiculous. But it helps to keep the oil price up a little longer and entices a few more suckers into the market so the producers in the know can hedge.

The gold bugs have actually cottoned on to the fact that the embargo on the Iranian Central Bank covers gold and silver.......

.....oh no! The end of markets as we know them!

<Yawn>

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Mon Jan 23rd, 2012 at 01:47:07 PM EST
[ Parent ]
....and as for the Iranian Oil Bourse I had the unusual experience of being able to personally debunk that 'Oil in Euros' Bourse meme, since the Bourse was my idea in the first place.

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
by ChrisCook (cojockathotmaildotcom) on Mon Jan 23rd, 2012 at 01:50:20 PM EST
[ Parent ]
I remember.  That's part of the reason I posted it.


And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
by ManfromMiddletown (manfrommiddletown at lycos dot com) on Mon Jan 23rd, 2012 at 02:03:58 PM EST
[ Parent ]
I read that the Iranians were blocking the Straits of Hormuz
by stevesim on Mon Jan 23rd, 2012 at 01:53:02 PM EST
[ Parent ]
Bluster

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky
by ChrisCook (cojockathotmaildotcom) on Mon Jan 23rd, 2012 at 01:58:16 PM EST
[ Parent ]

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