-- Posted Wednesday, 12 April 2006 | Digg This Article | Source: GoldSeek.com
Rick’s Picks
Wednesday, April 12, 2005
For investors who’d rather be smart than lucky
If investors needed a wall of worry to climb, they’ve got one now. With oil prices again pushing $70 a barrel and Iran giving the finger to the world, worrying should come easy to market-watchers who are inclined to fret. To give the Iranians their due, they showed canny timing in announcing they have successfully enriched uranium. A day earlier President Bush had placed his ebbing political capital on the line, asserting that the solution to a recalcitrant Iran lies in negotiation, not bombs.
Much as the civilized world wants to believe it, the Iranians have so far shown zero interest in hashing things out. The North Koreans have at least been willing to sit down at a table with the enemy, even if they haven’t said much in the last fifty years. But Iran makes North Korea look like a model citizen of the world in comparison. Do Iranians perhaps think that as long as China and Russia are on their side, they can never be true pariahs? No matter. But if Russian and China are planning to suck up to the bad guys and bring them around, Jesse-Jackson style, they had better do it soon; otherwise the world could be forced to invoke Plan B: a dreadnought of…indecisiveness?
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