What is the best way to avoid a veiled threat? Unveil it.
- ISRAELI PRESIDENT PERES COMMENTS SENT IN E-MAILED STATEMENT
- PERES SAYS HE ADMIRES OBAMA'S EXAMINING `EVERY POSSIBILITY'
- PERES SAYS `ASSAD WILL DISAPPEAR ONE WAY OR THE OTHER'
Truly a great line for any Hollywood action movie, which is what the whole staged conflict in the middle east resembles more and more with every passing day.
Yesterday we presented an amusing propaganda video clip remix of the Syrian S-300 Surface to Air missile. We found it hardly surprising, especially following today's news of a missile test launch by Israel, that there is a matching counterparty propaganda video showcasing Israel's Arro-3 missile interceptor from February of 2013.
Gold, silver and brent oil rose and European stocks declined after reports of missile launches in the Mediterranean. Russian radar detected two ballistic "objects" that were fired towards the Syrian coastline from the central part of the sea.
More on this morning's unexpected joint Israel-US missile test launch. From Bloomberg:
- Israel missile defense organization, U.S. missile defense agency completed successful flight test of new version of the “sparrow target missile” today, Israeli Defense Ministry says in e-mailed statement.
- Arrow weapon system’s radar successfully detected, tracked target; all elements performed according to configuration
- Main contractor of arrow weapon system is MLM of IAI, in conjunction with Boeing, according to statement
- ISRAEL DEFENSE MINISTER SAYS MISSILE TEST WAS SUCCESSFUL
- ISRAEL'S YA'ALON SAYS NEW DEFENSE TECHNOLOGIES MUST BE TESTED
The equity futures euphoria carryover from this weekend, buoyed by sentiment that the Syrian war is postponed if not cancelled, carried over into Tuesday morning despite news that Israel had launched a missile test, which looked at from almost any angle was an attempt at provoking a response from its adversaries. Also the Chinese boost driven by a solid beat in the country's two manufacturing PMIs persisted despite a drop in the August Non-manufacturing PMI reported last night. So once again we have returned to a state where good news is good news and bad news can be ignored. This, even with the Taper announcement just two weeks away. Of note also is that overnight Nokia shares surged 40% after Microsoft announced that it is to buy Nokia mobile business. In tandem, other EU based related names such as STM and Ericsson also gained ground, trading up 3% and 4.5% respectively. Nokia shares traded sharply higher today after Microsoft said it will pay €3.79bln to purchase substantially all of Nokia's devices & services business and will also pay €1.65bln to license Nokia's patents. A fitting farewell present from Steve Ballmer perhaps. Once again, keep an eye on Syria as the president begins his congressional consultations to take the escalation to the next level, with or without provocations from Israel.
Russian Defense Ministry Reports Two "Ballistic Targets" Launched In Mediterranean, Israel Says Was "Missile Test"Submitted by Tyler Durden on 09/03/2013 06:34 -0400
Update from AFP: Mediterranean missile launches were US-Israel drill: Israel media
Moments ago Russian RIA news agency reported that Russia’s Defense Ministry said, citing its ballistic missile early warning system, that the launch of two "ballistic targets" has been detected in the Mediterranean, "The launch was detected at 10:16 Moscow time (06:16 GMT) by a radar in the southern Russian city of Armavir, a Defense Ministry spokesman said. The targets’ trajectories ran from the central to the eastern Mediterranean, the spokesman said. A diplomatic source in the Syrian capital, Damascus, told RIA Novosti that the targets fell into the sea. The Russian Embassy in Damascus said it did not have any information about the launch, and the streets and residents of the Syrian capital appeared calm, a RIA Novosti correspondent reported. Russia's Defense Minister Sergei Shoigu reported the launch to President Vladimir Putin, the spokesman told Russian journalists. The Defense Ministry's press service was not immediately available for further comment."
Demolishing the American War Brief Piece by Piece
The conclusions I have come to are somewhat threatening in the short term, but even more disconcerting in the intermediate term, as the developing image is exposing a crystal clear picture of the ominous resource wars looming directly ahead. Equally dismaying, are the "honorable distinguished gentlemen" presiding over this Middle East mayhem, which are showing themselves to be either grossly incompetent cretins or dangerous duplicitous megalomaniacs
Nimitz Rerouted To Syria As More Destroyers Arrive; Syrians Mock Obama; Saudis Drum Up Support For Syrian StrikesSubmitted by Tyler Durden on 09/01/2013 21:07 -0400
While it is unknown is the US is suddenly focusing more on non-Cyprus based air support in the aftermath of the Cypriot decision to prohibit the launch of air strikes from its territory (just in time following a Russian agreement to restructure Cyprus debt), what is known, according to Reuters, is that while broad popular opinion is that the war drums are beating far more quietly following Obama's Saturday punt to Congress (a decision which can certainly still go either way), the US has decided to reroute CVN-68 USS Nimitz, and other ships in its strike group including four destroyers, in direction west toward the Red Sea "to help support a limited U.S. strike on Syria, if needed, defense officials said on Sunday."
Someone wants to get the United States into a war with Syria very, very badly. Cui bono is an old Latin phrase that is still commonly used, and it roughly means "to whose benefit?" The key to figuring out who is really behind the push for war is to look at who will benefit from that war. If a full-blown war erupts between the United States and Syria, it will not be good for the United States, it will not be good for Israel, it will not be good for Syria, it will not be good for Iran and it will not be good for Hezbollah. The party that stands to benefit the most is Saudi Arabia, and they won't even be doing any of the fighting.
The most likely path of collapse to take place within the U.S. includes economic destabilization caused by a loss of the dollar's world reserve status and petro-status. This fiscal crisis event will likely not occur in the midst of a political vacuum. The central banks and international financiers that created our ongoing and developing disaster are not going to allow the destruction of the American economy, the dollar, or global markets without a cover event designed to hide their culpability. They need something big. Something so big that the average citizen is overwhelmed with fear and confusion. A smoke and mirrors magic trick so raw and soul shattering it leaves the very population of the Earth mesmerized and helpless to understand the root of the nightmare before them. The elites need a fabricated Apocalypse. Enter Syria...
WWhile there may have been a verbal attempt by the Obama administration to diffuse Syrian tensions in the aftermath of Thursday's shocker out of the House of Commons, the action on the ground so far is hardly conciliatory. Or rather water, because a sixth US warship has now anchored in proximity to Syria, joining the recently arrived fifth destroyer USS Stout, which joined the warships already "breathing down Assad's neck." From AP: "Five U.S. Navy destroyers - the USS Gravely, USS Mahan, USS Barry, the USS Stout and USS Ramage - are in the eastern Mediterranean Sea waiting for the order to launch. And the USS San Antonio, an amphibious assault ship has now joined them. The USS San Antonio, which is carrying helicopters and can carry up to 800 Marines, has no cruise missiles, so it is not expected to participate in the attack. Instead, the ship's long-planned transit across the Mediterranean was interrupted so that it could remain in the area to help if needed." So in addition to a cruise missile based force, the US is now bringing in the marines? The justification that they are there "just in case" seems a little shallow in context.
If Barack Obama is going to attack Syria, he is going to do it without the support of the American people, without the approval of Congress, without the approval of the United Nations, and without the help of the British. Now that the British Parliament has voted against a military strike, the Obama administration is saying that it may take "unilateral action" against Syria. Unfortunately for the Obama administration, the world is not buying it. In fact, people are seeing right through this charade. The following are 25 quotes about the coming war with Syria that every American should see...
It seems clear that it is not "if" but "when" an attack takes place and as the following world-cloud confirms; the US "know"... as the strategy "better to ask for forgiveness than permission?" And that with the Russia meeting due next week, and a UN inspector report that appears pointless now that we have social media, that the attack will occur sooner rather than later...
This week will see the end of August trading and September is, along with November, one of the strongest months to own gold. This is seen in the charts showing gold’s monthly performance over different time frames - 1975 to 2011, 2000 to 2011 and our Bloomberg Gold Seasonality table from 2003 to 2013 (10 years is the maximum that can be used).
Thackray's 2011 Investor's Guide notes that the optimal period to own gold bullion is from July 12 to October 9. During the past 25 periods, gold bullion has outperformed the S&P 500 Index by 4.7%.