Bullish on oil; gold may see $2000/oz in 2012: Barclays Cap - MoneyCon
 

06-01-12 12:38 PM

Prices would spike. On our judgment, the Strait of Hormuz should still remain open because the US has its fifth fleet in Bahrain positioned for an event like this. Also, it’s not in Iran’s best interest to close the strait either.

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