The Associated Press out of Cairo has reported that a witness is indicating that Saudi police have potentially fired on people attending a rally in the eastern part of Saudi Arabia.
Play close attention to this because it is the game changer. Already you are seeing:
Oil moving higher (note: it was moving sharply lower today)
Gold rebounding (note:it was a losing ground today)
Currency Moves
- Dollar moving down
- Swiss moving up
- Yen moving up
If Saudi Arabia experiences serious unrest you will see a sharp move to safety. These points outlined above will continue to be trades that occur because Saudi Arabia was the only 'stable' supplier in the region that indicated they would pick up the world's demand due to pipelines being shutdown in Libya.
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