Gold, Silver and Oil Stocks on Fire

Posted by James West

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Threats of further violence from the son of Quadaafi is having rather exactly the opposite effect that the toppling dictatorship had hoped. With defections among army and government to the side of democratic protesters, the fate of the Quadaafi government is as good as sealed.

It is as expected. The success of grass roots protests in replacing oppressive and authoritarian regimes in Tunisia and Egypt has ignited the imagination of the long-oppressed in other nations, both within and outside of the Middle East. The latest emerging unrest has now appeared in China, and that has leaders on edge. But more importantly, global markets, still fragile despite the recovery of specific sectors, could be tilted off course if instability spreads.