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Saudi Shopping List for Russian Arms Grows

Robert Amsterdam (September 16th, 2009) Writes:

Fresh off a deal with Venezuela, Russia's weapons maker appears to have its next willing customer in Saudi Arabia.

First reported in English language press on August 29 (Interfax via Bloomberg), we now have significantly more detail on the slow-drip revelation of an upcoming Saudi arms purchase from Russia.

What began as a $2 billion deal involving "150 helicopters, more than 150 battle tanks, about 250 infantry carriers and several dozen air-defense systems" has now become the following, according to Interfax via UPI earlier this month and yesterday, and Gulf News:

30 Mi-35 attack helicopters Up to 120 Mi-171B multipurpose transport helicopters150 T-90s battle tanks 250 BMP-3 infantry fighting vehiclesThe "air-defense" system in question appears to be the S-400, said to have twice the target range of the US Patriot counterpart and capable ...

GoldDrivers 2009 – Extraordinary Bullish Outlook for Gold

Alex Stanczyk (December 24th, 2008) Writes:

GoldDrivers 2009 – Extraordinary Bullish Outlook for Gold

By: Eric Hommelberg ldSeek.com

Dollar topping out Physical demand skyrocketing Supply chain shutting down COMEX Gold Manipulation exposed Gold shares on the move again

It sure has been a brutal year for gold and its shares and many may wonder if the $1030 top clocked in March 2008 marked the top for the gold bull market that started in April 2001. Despite the fact that many analysts want you to believe that gold has failed to act as a

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And Then There’s This… Friday, November 14, 2008

Contrarian Profits (November 14th, 2008) Writes:

There wasn’t a lot of activity in Thursday’s trading in gold in the Far East. However, at 3:00 a.m. New York time, there were some signs of life…but even the slightest attempt at a rally was met by equal bouts of selling. This ‘up-down-up-down’ activity went on for eight hours.

But shortly after the London p.m. fix was in, a serious seller showed up and took both gold and silver down to their respective lows of the day. Then, at precisely 1:00 p.m., G-Dubya opened his mouth…and one of the biggest turnarounds in gold, silver…and the stock markets…took place. The prices of both metals continued higher into after-hours trading on the Globex. Once again, these rallies in gold and silver looked like short covering to me. But, regardless of the cause of the price rises, the precious metals stocks did equally as well. Volume was only so-so in both metals.

Gold open

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