Bush Lack of Intelligence over Nuclear Iran - Oil Deciding Factor

By: David_Vaughn

Are you ready to go to war in Iran ? That has been a popular topic for quite some time. It has been believed that Iran is building the capacity to produce nuclear weapons. Can't have that. They'll have to be knocked out with conventional weapons and bunker busters. This subject of possible war has brought on so great speculation both pro and con.

We went around the block with this problem debating if this act would be the final nail in the coffin that would bring about World War III. But guess what folks. American intelligence has just learned that their intelligence these past few years has been flawed. And according to this new intelligence data Iran closed down the bomb factory 5 years ago. And we were ready to go to war at a moments notice because of faulty intelligence data?

“… Iran celebrated the U.S. intelligence community's recent report -- the National Intelligence Estimate -- that said Iran suspended its nuclear weapons program in 2003.” cnn.com

Did you catch what we just read? Iran supposedly ended its nuclear program 5 long years ago. And our point in bringing all this up? These facts bring to mind an old saying dancing in my head. “Good things happen to bad people.” And “Bad things happen to good people.” Hey! What about strictly “bad things happening to bad people.” Even with this embarrassing news President Bush remains confident his Iran policy remains the appropriate policy and right on target.

“President Bush worked the phones Tuesday to salvage his hard-line policy toward Iran , lobbying foreign leaders for tougher economic sanctions despite a new U.S. intelligence report that concluded that the Islamic republic halted its secret nuclear weapons program four years ago.” McClatchy Newspapers

And more?

"...Bush showed no sign of backing down.” " Iran was dangerous, Iran is dangerous and Iran will be dangerous if they have the knowledge necessary to make a nuclear weapon," Bush insisted a day after the release of the report, which contradicted a 2005 finding that Tehran had an active nuclear weapons program. "The policy remains the same." McClatchy Newspapers

Bush continues to remain open to flattening Iran . Obliterating this country is definitely on his “to do list”.

“Asked at a news conference if he was maintaining his threat to attack Iranian nuclear facilities, Bush replied, "The best diplomacy, effective diplomacy, is one of which all options are on the table." “But Bush insisted Tuesday that Iran remains a threat” "I view this report as a warning signal," Bush said. "And the reason why it's a warning signal is that they could restart it.” McClatchy Newspapers

And, again, what is the point in our debating all of this claptrap? While an event leading up to World War III and a nuclear exchange remains a definite concern the greater fear is the fact that if we do nothing then we lose the power over Iran 's massive oil reserves. The US needs their oil. The US will never leave Iraq , will never depart from Afghanistan and when it gets a toe hold in Iran it will remain there also.

How many of you out there struggle for a good marriage? Do you know what makes for a successful “golden” marriage”? A dogged determinism. Kind of like the gold market huh? The only way anyone stays invested in the valley of gold stocks is through a dogged determination. And that dogged perseverance is the belief that if you hang in there for the long term you will be rewarded. I hope this holiday season finds your families intact. That's the most precious gift of all.

Oil, oil, oil, oil, oil. We can't really repeat the word too many times. Oil represents one of those quickly depleting resources that the world will soon be fighting over…big time. And what does oil have to do with gold? The tension and problems oil brings creates a more unstable world.

Instability = Higher Gold Prices

And personally I believe Bush is going to make an attack on Iran before his term expires. The US control of Iran would tighten US regional security in that area of the world. Securing that oil for our needs I am sure remains a top priority. Read the following below and tell me if you do not see a war in the cards.

"Their [ Iran 's] behavior has really been a problem…” "Everything they've done publicly has been a problem…" "The shadow of Iran , and their increasingly outward, bellicose monologue that emanates from Tehran , is what concerns them. That's the real focal point -- pressure felt from Iran spreading its influence over this region, or trying" to do so…”

Economictimes.com

The free world is itching for a conflict with Iran and there will be a conflict in Iran . Kind of like a self fulfilling prophecy.

“Decision time on Iran nearing, Livni says” “Tehran close to crossing technological threshold after which it will be able to secretly produce nuclear weapons without supervision,' foreign minister Iran is close to crossing a technological threshold after which it will be able to secretly produce nuclear weapons without supervision…” "The time to reach a decision (regarding Iran ) is near…” "The American intelligence report on Iran should not change the tough position taken against its nuclear program…" Israel News

The Middle East is growing more unstable as each month passes and this fact will only continue. We will see brief interludes of peace, but for the most part war is just around the corner. Have you noticed all the Christmas Trees on the highways and byways? All neatly wrapped now a days with that nice netting that makes for a nice tight bundle helping to get your tree home in one piece. In my day you bought a Christmas Tree and threw it on top of your car with nothing but old twine holding it down. And by the time you got home you were lucky if most of the needles were still there. China continues to make very significant headlines in its gold market. Soon to be the top gold producer in the world.

“ China grabbing number one spot for gold” “ China could usurp South Africa and claim the number one gold producer spot in 2007, with the price of the yellow metal remaining strong.” “Mining consultants Surbiton Associates Pty Ltd said that while China 's gold output was marginally behind South Africa , the Asian nation could potentially take out the title for the 2007 calendar year.” "It looks like China could overtake South Africa to become the world's number one producer for 2007," Surbiton Associates director Dr Sandra Close said.” New Zealand Herald

Gold itself continues to be the top investment product though you will not hear this fact on the cable news networks.

“…gold has been the top performer in its class over the last five or six years as a result of "a whole range of macro-economic and supply/demand factors" “But gold has proven a safe investment, Mr O'Byrne suggested. "That is why every central bank in the world still has tonnes and tonnes of gold," he commented.” “Gold production is currently declining, according to the World Gold Council.” London Stock Exchange 

And what is the truth about the perceived wealth we imagine here in the west?

Howard Ruff - “Much of American wealth is an illusion which is being secretly gnawed away and much of it may be completely wiped out soon.” “So what is likely in your future? A grisly list of unpleasant events…” “You don't have to be a genius if you can identify the basic trends and make some very simple decisions with your assets.” “Between now and 2010 is a watershed period. Great fortunes are made when rapid economic changes occur, in either direction. Although everyone likes the steady upturns, greater opportunities to make money can be grasped by those who catch the swings and know what to do, even if it's only to avoid the fate of the unaware.”“…the dollar, with fits and starts, has been in a long-term bear market for several years. A falling dollar is inflationary…” By Howard Ruff , The Ruff Times

It's not too late to invest in gold related equities to take advantage of its wealth preserving attributes.

We are living in the last days of cheap resources and commodities. Recognizing these facts Gold Letter, Inc. reviews undervalued gold and other resource stocks under valued and poised to rise in this time of increased demand for resources. Gold will only continue to escalate in value. Take a look at our newsletter and witness our overall performance. GL charts are computer generated and updated every hour while markets are open.

Click here to review Gold Letter

Email me if you have the time.

By David Vaughn
Gold Letter, Inc.
David4054@charter.net

© Copyright 2007, Gold Letter Inc.

“The Worldwatch Institute, an organization that focuses on environmental, social and economic trends, says the current rate of global demand for resources is unsustainable.”  

The publisher and its affiliates, officers, directors and owner may actively trade in investments discussed in this newsletter. They may have positions in the securities recommended and may increase or decrease such positions without notice. The publisher is not a registered investment advisor. Subscribers should not view this publication as offering personalized legal, tax, accounting or investment-related advice. The news and editorial viewpoints, and other information on the investments discussed herein are obtained from sources deemed reliable, but their accuracy is not guaranteed. © Copyright 2007, Gold Letter Inc.

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.