Wednesday, March 15, 2006

Count-down to War with Iran? Mixed Signals from Crude Oil, Gold, and Tel Aviv

It seems like déjà vu all over again. This time, the Bush administration has its sights on the most dangerous member of the "Axis of Evil", with time running out before the Ayatollah of Iran acquires the technology to build nuclear weapons. But while the saber rattling between the US and Iran ratcheted to new heights last week, the price of crude oil and gold were plummeting on world markets. In Tel Aviv, a likely target for dozens of Iranian Shahab missiles, equities are buoyant.

( Full story here )

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