2012’s Black Swan: Could Middle East Turmoil Spark a Precious Metals and Energy Spike?

Posted by Kitco

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For many centuries, the Middle East has been a simmering cauldron that now may be coming to a boil. Across the centuries we have witnessed world events being influenced by what occurs in this geopolitical arena.

We have only to witness Abel and Cain, Esau and Jacob, Ishmael and Isaac, among others. Even today, these classic blood feuds continues across the centuries. They extend as far as Egypt,Darfour, Kashmir, Somalia, China and most recently Mali where there are many major gold mining companies operating.

This brings us to this moment. We must keep an eagle’s eye on the Iran-Israel situation. The main issue is that Tehran must sense that this moment presents them with a critical window of opportunity. While The West is struggling to make some sense of a troublesome economic morass, Iran is working 24/7 to come up with a working nuclear warhead.