Not trading today but this may work. See what's up in the Middle East situation. I'll be back tomorrow. Hope everyone's killing it. Should have held that 97.55 long from yesterday.
When will US airstrikes begin on Iranian nuclear bunkers? I can hardly wait for oil to shoot up to $135. I pray I will wake up tomorrow to a US airstrike and $115 oil price. Let the bombs fly!!!!!!!!!!!!!!!! I heard Abraham Lincoln carrier is in position inside the Persian Gulf for airstrikes.
One question on the oil embargo: As long as China et al keep buying from Iran, does this amount to any more than posturing and a logistics headache? Just found out Spain was buying 15% of its oil from Iran... now we'll buy it from Saudi Arabia (that beacon of democracy!!!)... so China will buy less oil from Saudi Arabia and more from Iran (maybe at a discount)... in the meantime, both Iran and Saudi Arabia can charge us way more!!! Are we being taken for a ride? Totally agree that if war breaks out, that's a completely different ball game, but isn't it in a way in Iran's (and others') interest to do some sable rattling in order to provide support for oil prices, particularly during some euro-crisis? Hope I'm not getting too paranoid, but hey, this is an internet forum
Hey P no idea, but the rials slide does cause a major domestic disruption / inflation Iran currency tumbles to new record low By Mohammad Davari (AFP) â 1 day ago TEHRAN â The Iranian currency, the rial, tumbled Monday in blackmarket trading to a new record low against the dollar, news agencies said, as the EU moved to impose an oil embargo and fresh sanctions on Tehran. The unofficial rate in central Tehran was around 20,500 rials for the greenback, the official IRNA news agency reported. The rate showed a 12-percent rise for the US currency since last Wednesday when it was changing hands at 18,000 rials on the blackmarket. The Tehran government has tried to shore up the rial by imposing a lower rate in banks and currency exchange bureaux, while also banning transactions outside of such outlets, leading to the blackmarket operations. Last week, Iran's central bank banned the possession of and transactions in foreign currencies, including the dollar, without an official invoice, warning that offenders would be prosecuted. The bank has introduced a dual rate of 11,300 rials for state business and imports, and 14,000 for Iranian travellers. But many exchange bureaux have refused to buy or sell dollars at the imposed rates, prompting the operation of a blackmarket despite police efforts to enforce the ban. In late October, it cost about 12,500 rials to buy a dollar in Tehran. A rush for gold and other non-currency assets has since taken hold, with the price of gold coins in Iran rising by 25 percent since January 18. The currency crisis comes at a time when the United States and European countries are ratcheting up punitive measures against Iran to curb its controversial nuclear programme.
I expect to see these headlines again soon Navy official: Ship fired warning at Iran boat Admiral says U.S. will defend ships with âdeadly forceâ against Tehran http://www.msnbc.msn.com/id/2261064...t/navy-official-ship-fired-warning-iran-boat/ WASHINGTON â The U.S. Navy said Friday that one of its ships fired warning shots at a small Iranian boat in the Strait of Hormuz in December during one of two serious encounters that month. The USS Whidbey Island fired the warning shots on Dec. 19 in response to a small Iranian boat that was rapidly approaching it, said a U.S. Navy official. "One small (Iranian) craft was coming toward it, and it stopped after the Whidbey Island fired warning shots," said the official, speaking on condition of anonymity because of the sensitivity of the issue. It was the first official confirmation that the United States had fired warning shots in any recent confrontation with Iran in the Gulf. In the second incident that month, the USS Carr encountered three small Iranian craft on Dec. 22, two of which were armed, said the official. The USS Carr did not fire warning shots, but sent warning blasts on the ship's whistle, which caused the boats to turn around. :eek: Same shit different day
God I'm bored think I'll short here and add if it goes to 99.70 stop just above those wicks above 100.
A few Iranian used car dealerships in Pensilvania have signed contracts with US navy to transport used cars to Iran. http://www.dailymail.co.uk/news/art...r-transports-sailors-cars-ships-new-home.html
Not that anybody cares but for full and fare disclosure I got out of this when I realized I shouldn't put a trade on just because I'm bored. That being said I would really like to get short at 99.50-99.70.