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Silver Hits Fresh Post Hunt Brother High Of $34.43 On News Saudi Has Sent Tanks To Bahrain
If RIA Novosti's update on the Middle East escalation is correct, the Middle East's worst kept secret, that Saudi Arabia would interfere militarily in Bahrain before the country fell, has just been confirmed. From RIA: "Saudi Arabia has sent dozens of tanks to Bahrain, where anti-government protests continue for about two weeks, Egypt's Al-Masry Al-Youm newspaper said on Tuesday. Eyewitnesses reported seeing "15 tank carriers carrying two tanks each heading towards Bahrain" along the 25-km King Fahd causeway, which links the small island nation of Bahrain to Saudi Arabia." And while nobody expects the DXY to do much if anything on this news, now that the dollar is irrelevant in the FX realm, the same can not be said about silver. Silver just hit $34.43 minutes ago, the highest print in the last 31 years.
More from RIA:
Protestors are mainly Shiites account for about 70% of the Bahraini population, but have long complained of discrimination and other abuses by the Sunni Khalifa dynasty that has ruled the tiny Gulf nation for more than two centuries.
In the worst unrest in the kingdom since the 1990s, a wave of protests swept across Bahrain in the past weeks. At least six people were killed and hundreds injured in clashes with police.
Opposition threatens to hold more protests and a nationwide strike if the government refuses to resign.
And a confirming report from Press TV:
Pro-democracy protests in Bahrain have shown no sign of decline after almost two weeks. The protesters are demanding the resignation of the government, constitutional reforms and the king's abdication.
Witnesses said that the causeway was blocked as "15 tank carriers carrying two tanks each were heading towards Bahrain," Egypt's al-Masry al-Youm daily reported in its latest edition.
Given the popular protests in the Persian Gulf kingdom, the transfer of the military hardware from Saudi Arabia to Bahrain seems highly unusual, commuters traveling along the 25-km causeway said.
The development follows a decision by the Bahraini military on Saturday to withdraw their vehicles out of the capital's Pearl Square after a deadly police attack on protesters, a condition the opposition had set to begin talks.
The arrival of tanks from Saudi Arabia also occurs on the eve of yet another scheduled pro-democracy rally on Tuesday organized by the Bahraini opposition and protesters in Manama's flashpoint Pearl Square.
Massive protests in Bahrain, which hosts the US Navy's Fifth Fleet in the region, have shown no sign of a decline after almost two weeks.
The protesters are demanding the resignation of the government, constitutional reforms and the king's abdication.
Fears of Saudi intervention in the ongoing Bahraini uprising first came to the fore last week when unconfirmed reports emerged on Wednesday.
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Why don't you two start a newsletter together and make millions? Why waste your time and obvious talents around here?
Hey gang, let's all load up on SLV. Meth Head says it's the winning ticket.
This has to be the biggest miscalculation since Operation Operation Barbarossa. Why the hell would the saudis send tanks and apcs in Bahrain. The Bahraini people and the royal family were having dialogue. All the shiites want in Bahrain is a constitutional monarchy,more democratic elections,more shiite representation in the Bahrani security forces and military. If Saudi Arabia sends tanks in,it will play in Iran's favor. The shiites in Iraq would pissed of and this could be a clusterfuck. The shiites in eastern saudi arabia would rise up and sabotage those oil fields. Yemen is blowing up,Liby is blowing up,Saudi Arabia fearful of revolution,Iraq is having protest,and China is about to have hyperinflation. Shit is about to get real.
A wild guess as to the why would be rallying the Arab world around their Sunni faith and the menace of Iranian Shia apostates. The Saudi King stands tall as the protector of the Gulf Arabs instead of the rule of a corrupt and decadent royal family.
Stratfor's viewpoint via ZH:
http://www.zerohedge.com/article/stratfor-why-developments-bahrain-are-more-important-libyas
Silver was over $35 last week, albiet briefly. So it's not a new high at all.
No it wasn't.
Oops you're right. Must all have been a lovely dream.
I say those tank's will be stranded at the worst possible time for SA royalty
Maybe they are not MOVING..maybe they are Deserting for a future date....hmmmmm
http://www.biallo.at/artikel/Energie/gold-auf-dem-weg-zu-1500-us-dollar-...
2011 2.000 Dollar bei Gold, der Euro vor dem Aus http://www.biallo.at/artikel/Geldanlage/2011-2000-dollar-bei-gold-der-eu...2011 2.000 Dollar bei Gold, der Euro vor dem Aus
http://www.biallo.at/artikel/Geldanlage/2011-2000-dollar-bei-gold-der-eu...
http://www.biallo.at/artikel/Geldanlage/silber-und-gold-wer-macht-2011-d...
Well at least the DXY caught a bid by rallying a massive .003 bps initially.....now sightly negative LOL.....so much for that flight to safety.
What the hell?The rest of my comments appear to have disappeared in to thin air.
Twas the Night Before March, Nobody around...
Not an oz of Silver lay around, not even in the Warehouse....
http://thehardrightedge.com/marcheve/
Saudi is a US client state.
They are not protecting their own interests, they are protecting the US Command facilities.
Gripping insight. LOL.
hmmm. Dough Kass on Idiot Money probably a little embarrassed with his gold call In Dec.
Nothing has changed.
Cramer likes silver and so do I
Hey Meth Man...I hear your pipe calling.
Hey willy the bastard,It is easily understandably why the bastard thing.
Theres the fucking pesky HammyWanger too,wow is it friday the 13th or something.?
Between the alleged anti-trolls and the accused trolls, the threads are being dominated by brainless troll bullshit. How about dropping it?
from maguire:
Just so you know,we launched our metals trading this morning and as soon as I tried to send a buy instruction to all our traders at 1313 gold and 34.060 silver we came under a major server attack and we have been out for over an hour. We have over 100 traders/funds many who trade +100/200 contracts at a time so are in a position to influence the neutral bots that JPM et al have relied upon to assist in thier takedowns.
they are clearly not happy with this new tactic for the longs - get involved!!