throwers

 

throwers 1 5 2012

It looks like India is set to start buying Iranian oil with gold instead of US dollars.  Apparently China is likely to do the same. 

http://www.debka.com/article/21673/

What does that mean?  Time will tell but my guess is that the price of gold and other precious metals will rise in response and the pressure to go to war with Iran will increase. 


ribbonfarm has an interesting post on 'Acting Dead, Trading Up and Leaving the Middle Class'.

 I thought this chart was interesting.  It looks like the bottom for the price of gasoline in my area corresponded remarkably well with the Christmas holiday.  Santa brings it!

Also take a look at the Baltic Dry Index which measures international shipping demand.  It's approaching a 5 year low not seen since after the 2008 economic crash.