http://www.biiwii.com
I realize the Middle East is blowing up, yet I am among the more ignorant of the social and geopolitical dynamics in play. It's the same way with US political situations and the seemingly infinite macro fundamental detail the world over that the average market analyst can get herself into.
Recently it was Egypt, today it is Lybia and the markets conveniently have 'reasons' to blame rising prices on, other than the systematic, ongoing inflation that has created these symptoms. I can hear it now in the MSM: 'With tensions boiling over in energy producing regions, the prices of everything from grains to other vital imported goods are expected to rise'.
Silly MSM. Inflation created these problems, not the other way around.
All I knew is that crude oil targeted the low 100's months ago (in NFTRH, and if I could get organized enough to be able to categorize and recall touting points I could tell you which edition). Here is the basis for the measurement.
Now, did I write 'crude is a buy!' and get hysterical? No, I wrote risk is again increasing across the asset spectrum. Readers make their own decisions among many inputs. The markets are not a game and extreme filtering needs to be employed in and around potential points of change. Chasing the varied and pointed details in the geopolitical and financial landscape and reporting back in a manner that gives investors valid data points for action, is a Hurculian task.
Which is why I call it noise. That is not meant as a dismissive term of the events themselves. But knowing so much detail about so many things screws up so many investors. Keep it simple. Oil targeted 104, silver targeted 33. Who the hell knew why?
Incidentally, gold and silver rallies on geopolitical problems never last. They will either rise as real money surrogates in a paper world gone terminal, or they will temporarily fail after getting caught up in unsavory dynamics like war, terror, etc. Noise noise noise. Got to love the markets.
