A coup would not solve Egypt's economic stresses. Egypt needed a benefactor with a full purse and a willingness to spend. Only one country fitted that picture, Saudi Arabia; and the king has reason to favor the Egyptian general.
The mere hint of a short-term fix to avoid default next Thursday knocked gold prices below $1,300 this week, with a further plunge as U.S. trade opened on Friday. For long-time investors, the irony looks so thick you could butter your toast with it.
Looking for profits in the oil and natural gas space? Look no further than shale plays, energy service companies and offshore oil drilling opportunities in the U.S., says Byron King of Agora Financial LLC.
The news of the month comes from the large Mediterranean island of Cyprus, where Keynesian economic planning left the economy facing complete bankruptcy. The result was an unprecedented step forward in the financial collapse of the West: Direct forfeiture of bank deposits.
Positive price drivers and physical market fundamentals could form a “perfect storm” for gold in the closing weeks of 2012 – and, quite possibly, we could see the metal approach or even surpass its record high by year-end or early 2013.
Although the euro zone crisis did not make it into the US presidential debate on foreign policy in October, Treasury Secretary Timothy Geithner did remark earlier in the month: "We are very worried about the risk of collapse in Europe."