By John Galt November 16, 2011 – 17:50 ET In an article back on March 25, 2011 and on several podcasts, I warned about the ring of fire surrounding Saudi Arabia and the instability being instigated by the Iranians and their Shiite allies working to weaken the House of Saud and its influence over the region. Fast forward to the news from the Kuwait Times today and the exploding corruption scandal which appears to be awakening an Arab Spring type of demonstration in one of…
By John Galt November 16, 2011 – 09:35 ET Well doggie! That should get the Obama oil and energy exploration team off their butts and grabbing a shotgun to go find some of that thar black gold!
By John Galt November 16, 2011 – 08:45 ET The big buzz today will be “see, we’ve tamed inflation” but the reality is that it was a month over month drop in the overall rate of inflation, not a decrease in prices for the things the average person needs to survive. Since the average American has fallen prey to this propaganda and believes that a 0.1% drop in the headline number suddenly means their 16 oz. cereal box will return any day now at the…
By John Galt November 16, 2011 – 07:00 ET If anyone thinks the roller coaster is over with, look at this chart of the S&P futures from last night through the early morning hours and until about 6:50 a.m. EST: (all charts courtesy of ForexPros.com) So the photo at the top of this thread of the Millennium Roller Coaster or the S&P chart are pretty much identical. Please keep your hands and arms inside the car at all times and strap yourself in as the…
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