Best of the Week
Most Popular
1. Climate Change Mass Extinction - Birds, Bees and Bugs: Going Going Gone - Richard_Mills
2.A Purrrfect Gold Price Setup! - Peter_Degraaf
3.Who Finances America's Borrowing? Recession Indicator for Independent Thinkers Part 2 - F_F_Wiley
4.America’s One-sided Domestic Financial War - Raymond_Matison
5.Gold Price Summer Doldrums - Zeal_LLC
6.Two Key Events Will Unleash Gold - Jim_Willie_CB
7.Billionaire Schools Teacher in NAFTA Trade Talks - Richard_Mills
8.Get Out Of Crypto Cannabis Bubble Before It Pops and Move Into Bargain Basement Miners - Jeb_Handwerger
9.Stock Market Could Pullback for 1-2 weeks, But Medium Term Bullish - Troy_Bombardia
10.G7 Chaos, Central Banks and US Fed Will Drive Stock Prices This Week - Chris_Vermeulen
Last 7 days
Gold GLD ETF Update… Breakdown ? - 20th Jun 18
Short-term Turnaround in Bitcoin Might Not Be What You Think - 19th Jun 18
Stock Market’s Short Term Downside Will be Limited - 19th Jun 18
Natural Gas Setup for 32% Move in UGAZ Fund - 19th Jun 18
Magnus Collective To Empower Automation And Artificial Intelligence - 19th Jun 18
Trump A Bull in a China Shop - 19th Jun 18
Minor Car Accident! What Happens After You Report Your Accident to Your Insurer - 19th Jun 18
US Majors Flush Out A Major Pivot Low and What’s Next - 18th Jun 18
Cocoa Commodities Trading Analysis - 18th Jun 18
Stock Market Consolidating in an Uptrend - 18th Jun 18
Russell Has Gone Up 7 Weeks in a Row. EXTREMELY Bullish for Stocks - 18th Jun 18
What Happens Next to Stocks when Tech Massively Outperforms Utilities and Consumer Staples - 18th Jun 18
The Trillion Dollar Market You’ve Never Heard Of - 18th Jun 18
The Corruption of Capitalism - 17th Jun 18
North Korea, Trade Wars, Precious Metals and Bitcoin - 17th Jun 18
Climate Change and Fish Stocks – Burning Oxygen! - 17th Jun 18
A $1,180 Ticket to NEW Trading Opportunities, FREE! - 16th Jun 18
Gold Bullish on Fed Interest Rate Hike - 16th Jun 18
Respite for Bitcoin Traders Might Be Deceptive - 16th Jun 18
The Euro Crashed Yesterday. Bearish for Euro and Bullish for USD - 15th Jun 18
Inflation Trade, in Progress Since Gold Kicked it Off - 15th Jun 18
Can Saudi Arabia Prevent The Next Oil Shock? - 15th Jun 18
The Biggest Online Gambling Companies - 15th Jun 18
Powell's Excess Reserve Change and Gold - 15th Jun 18
Is This a Big Sign of a Big Stock Market Turn? - 15th Jun 18
Will Italy Sink the EU and Boost Gold? - 15th Jun 18
Bumper Crash! Land Rover Discovery Sport vs Audi - 15th Jun 18
Stock Market Topping Pattern or Just Pause Before Going Higher? - 14th Jun 18
Is the ECB Ending QE a Good Thing? Markets Think So - 14th Jun 18
Yield Curve Continues to Flatten. A Bullish Sign for the Stock Market - 14th Jun 18
How Online Gambling has Impacted the Economy - 14th Jun 18
Crude Oil Price Targeting $58 ppb Before Finding Support - 14th Jun 18
Stock Market Near Another Top? - 14th Jun 18
Thorpe Park REAL Walking Dead Living Nightmare Zombie Car Park Ride Experience! - 14th Jun 18

Market Oracle FREE Newsletter

5 "Tells" that the Stock Markets Are About to Reverse

Crude Oil Price Stabilises above $30 Following New U.S. Sanctions Imposed on Duped Iran

Commodities / Crude Oil Jan 19, 2016 - 04:29 AM GMT

By: Nadeem_Walayat

Commodities

The crude oil price reversed direction Monday to climb back above $30 (WTIC) as the market has started to discount the probability that the Iranians have been duped into given up nuclear weaponry, in a perpetual U.S. game of sanctions for ever for the purpose of Iran being systematically disarmed of it's military capacity much as Iraq was disarmed before a pretext for invasion was manufactured by the Intelligence Agencies all to appease the Saudi and Israeli fundamentalist states (Islamic and Jewish).


Whilst the new sanctions on Iran are not anywhere near as severe as the nuclear sanctions that were scrapped barely 24 hours earlier, still it amounts to a kick in the teeth for the Iranian people. Which is another example of why the United States just cannot be trusted, where the reality of an Empire does not match the illusion of freedom and democracy. This despite the fact that the world is definitely a far safer place without a nuclear Iran. However, the fact that the United States has once more shown that it cannot be trusted (ask the north american indians) sends a message out to all states to build up their militaries and enter into alliances and pacts so as to deter the potential of future U.S. Imperial aggression or from America's client rogue states such as the nuclear armed Israel and Saudi Arabia (which has a dozen or so Pakistani nukes on standby).

At the end of the day the U.S. has made a mistake for THREE reasons -

1. Double standards, arming the Israeli and Saudi rogue states to the hilt whilst prancing about the U.N. demanding other rogue states be disarmed.

2. Sends a message that the United States cannot be trusted, so take appropriate defensive action.

3. Iran's economy is about to boom following the lifting of 'most' sanctions, which means tens of billions of dollars of foreign contracts, but not now for U.S. corporations. Furthermore in the future an economically healthier Iran will have a greater incentive to arm itself with Russian and Chinese weapons.

Effective disarmament should always take a MULTI-LATERAL approach, so YES Iran should NOT have nuclear weapons or ballistic missiles, but neither should Israel, Saudi Arabia, Pakistan, India, China etc. For the fundamental fact that it does not matter who starts a nuclear war because no one wins. Even worse is that messianic fundamentalist states that crave Armageddon so that the Messiah, Jesus or Mahdi will come, so putting nuclear weapons in these fanatical hands is just asking for trouble be they Christian, Jewish, Hindu or Islamic fundamentalist states as I explained in this video:

Until a multi-lateral approach is adopted then nations will continue to have no choice but to counter threats in regional arms races which for Iran is on multiple fronts whilst it's key allie, Russia is presently crippled due to the collapse in oil price that has hit the Russian economy hard.

For the prospects for the crude oil price for the whole of 2016 see my recent in-depth analysis and accompanying video :

17 Jan 2016 - Crude Oil Price Crash Triggering Global Instability, Trend Forecast 2016

And ensure you are subscribed to my always free newsletter (only requirement is an email address) for the following forthcoming pieces of analysis

  • Interest Rates 2016
  • US Dollar Trend Forecast
  • Stock Market Trend Forecast 2016
  • US House Prices Forecast 2016 and Beyond
  • Gold and Silver Price Forecast 2016

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2016 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules