Georgia and the geopolitical storm

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Georgia and the geopolitical storm

posted on Aug 11, 2008 01:26PM

http://news.goldseek.com/GoldSeek/12...

the euro may weaken as a result of Russias position in Georgia. Russian military is now in central Georgia, and their navy off Georgian shores. There are several issues. One prominent one being that 5% worlds oil goes through Georgia and the pipeline serves all of Europes oil. Europe is currently buying Russian gas, and also some forms of oil; Russian occupancy in Georgia therefore has several potential outcomes. The US has been building a relationship with Georgia which the Russians think might result in their using it as a US base.

This may prove to be a black swan event for gold and or oil, a bottom retest and higher lows on the next and final consolidation wave.