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Silver Wheaton Corp. Message Board

  • we_are_borg we_are_borg Jun 25, 2014 9:13 PM Flag

    Geo-Political News Potentially Impacting PM Prices

    Stuff you're NOT going to see or hear on ABC, CBS or NBC news tonight. I'm not sensing a lot of feel-good vibes coming out of Iraq. THIS is the fundamental stuff driving tomorrows PM trading -- not silly charts.

    From News Max:

    ISIL now controls most of a “central swath” of Iraq, is “solidifying gains” and poses “a legitimate threat to Baghdad,” Rear Admiral John Kirby, the Defense Department spokesman, told reporters in a briefing at the Pentagon.

    From DefenseOne (cool site oriented towards the analysis of defense, foreign policy and national security issues). Clips from two different articles:

    "ISIL and its allies are proceeding to carve out a Sunni heartland between the Euphrates and Tigris Rivers, stretching from Syria to the gates of Baghdad. The organization has demonstrated meticulous governance and administrative capabilities as it consolidates its gains, suggesting longevity and an ability for self-reliance.

    "BP and ExxonMobil have ordered a partial evacuation of oilfields in southern Iraq. And, in a note to clients, Citi’s Seth Kleinman suggests that, even though they do not necessarily face a direct threat, foreign oil companies are less likely to invest the billions of dollars required for new Iraqi production amid such insecurity."

    From Reuter's, 2 hrs ago:

    "Militants attacked one of Iraq's largest air bases and seized control of several small oilfields on Wednesday"

    From CNN late this afternoon:

    "Syrian warplanes carried out a cross-border attack on Iraqi towns this week is further evidence of the blurring between the two countries' borders as they face an offensive by Islamic extremists." Watch the video.

    Baghdad virtually open to attack, no heavy weapons visible, airport not secured. If Baghdad falls, oil going to spike to the Moon.

 
SLW
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