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Here is some info on the Saudi pipeline explosion

November 5, 2014

From Zero Hedge “Saudi Stocks, Currency Tumble As Aramco Pipeline Explodes; ISIS Sabotage Concerns”.

There are many reasons why oil has moved up today. Gary says it is due to the completion of the elections, Zero Hedge says the pipeline explosion had something to do with it… I say it very well could be a combo of both as well as a very depressed oil price.

Click here to read the full post over at Zero Hedge.

Discussion
6 Comments
    Nov 05, 2014 05:28 AM

    Riyal has been pegged at 3.75 since June 1986 so I don’t know how their currency could tumble.

    Nov 05, 2014 05:59 AM

    Good timing. When will someone blowup Fort Knox? Oh Never mind, there is nothing to see.

      Nov 05, 2014 05:30 PM

      Probably not.

      Do you want the free subscription? (alkorelin@gamil.com)

        Nov 05, 2014 05:23 PM

        What subscription?

    Jay
    Nov 05, 2014 05:20 AM

    Just remember Gary called that weeks ago to the day. Would be VERY LUCKY to predict the rise due to an explosion 😉
    is Rick still aiming for 56 oil that he called yesterday?
    Thx for the post Cory

      Nov 05, 2014 05:31 PM

      Do you want the free subscription? (alkorelin@gmail.com)