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Re: cottontail post# 7381

Monday, 07/03/2006 3:50:46 PM

Monday, July 03, 2006 3:50:46 PM

Post# of 42640
I'm not sure... but this is a potentially very huge development becuase the UAE is a confederation of several independent Arab Oil producing states....

http://encarta.msn.com/encyclopedia_761560366/United_Arab_Emirates.html

so basically, the independent states within the UAE will likely take note of what the Central Bank is doing, likely triggering wider buying by the independent states and beyond.

It looks like large portions of Petro Dollars are about to starting moving in bigger waves into the small market that is Gold... In Las Vegas, I think the analogy goes like this: "Whale about to join the table".