Tags
agricultural commodities, alternate energy, Austrian school, banking crisis, banks, bear market, bear stearns, bull market, capitalism, central banks, commodities, communism, Copper, deflation, depression, diamonds, dollar denominated, dollar denominated investments, economic, economic trends, economy, financial, futures, futures markets, gold, gold miners, hard assets, heating oil, inflation, investments, Iran, Israel, market crash, Markets, mining companies, missles, natural gas, Nuclear Weapons, oil, palladium, physical gold, platinum, platinum miners, precious metals, price, price manipulation, prices, producers, production, protection, recession, risk, run on banks, safety, silver, silver miners, socialism, sovereign, spot, spot price, stagflation, timber, U.S. Dollar, volatility, Water
by Hillel Fendel
IsraelNN.com) A weekend 5.0 Richter earthquake in Iran was actually a nuclear bomb test, says an Iranian nuclear scientist claiming to be working on the project.
The report is an Israel Insider exclusive.
This past Saturday night, southern Iran experienced what was reported as a significant earthquake – a seismic event measuring 5.0 on the Richter scale. Its epicenter was just north of the strategic Straits of Hormuz, which separates Iran from Abu Dhabi and Oman and which is the gateway to the Persian Gulf.
Israel Insider adds that the test/quake was actually the second in a series. Nine days ago, a 4.8 Richter scale event occurred, with its epicenter only five kilometers away from the weekend tremor.
The Israel Insider source reports that two nuclear rockets are currently ready – and are intended for use against Israel in the coming months.
If the report is correct, it would belie previous speculation that Iran would not begin nuclear testing until it had more nuclear-bomb production capability.
The geographical location of the test has several advantages. It is exposed to significant seismic activity, which could serve to mask nuclear tests; it is believed to be close to Iran’s nuclear development facility; delivery and transport of material and personnel can be effected easily through the Hormuz Strait; and Iranian enemies would hesitate to bomb the area because that would threaten the flow of a substantial percentage of the world’s oil.
Reuters reports Thursday morning that Iran has begun building a line of naval bases along its southern coast and up to the Straits of Hormuz.
My Note: If this is true then Israel will have no choice but to attack soon! If that happens there is no telling how high Oil and Precious Metals will go! Might be time for a little portfolio insurance/protection… jschulmansr