Israel Eyes Anti-Iran Security Pact With Gulf States

October 3, 2013

israel-peace-rf

Israel Eyes Anti-Iran Security Pact With 10 Gulf States

Netanyahu: “The dangers of a nuclear-armed Iran and the emergence of other threats in our region have led many of our Arab neighbors to recognize, finally recognize, that Israel is not their enemy. And this affords us the opportunity to overcome the historic animosities and build new relationships, new friendships, new hopes. Israel welcomes engagement with the wider Arab world. We hope that our common interests and common challenges will help us forge a more peaceful future.”

  • In recent weeks, Israel has been intensifying its outreach to neighboring Arab states appealing to them to reject all calls for diplomacy with Iran.
  • Senior Israeli officials have been holding secret meetings with prominent figures from a number of Persian Gulf and other Arab states in recent weeks in an attempt to muster new alliance capable of stopping Iran
  • Secret negotiations may include Saudi Arabia, the Emirates, Kuwait, Qatar, Bahrain, Oman, Jordan, Turkey, Egypt, and Palestine
  • One “high ranking official” from Arab state even came on a secret visit to Israel
  • Under such an agreement, Israel would gain access to the GCC’s gulf-based early warning radar system

  • NEWS FOR INVESTORS

  • Negative Economic Chatter Rising; Stocks Nearing Danger Zone.

    Frozen credit markets. A plummeting U.S. dollar. Skyrocketing interest rates. That is the picture of America’s economic future being painted by the U.S. Treasury Department if Congress fails to lift the nation’s federal borrowing limit by October 17. According to a new report just released by the U.S. Treasury Department, the economic damage could be untold:

    “The United States has never defaulted on its obligations, and the U.S. dollar and Treasury securities are at the center of the international financial system… A default would be unprecedented and has the potential to be catastrophic: credit markets could freeze, the value of the dollar could plummet, U.S. interest rates could skyrocket, the negative spillovers could reverberate around the world, and there might be a financial crisis and recession that could echo the events of 2008 or worse.”

    Those are not particularly comforting words coming from the man who holds America’s purse strings.

    President Obama is also making good political use of the government shutdown by refusing to let a good crisis go to waste. In a speech in Maryland this week, Obama no doubt spooked senior citizens saying:

    “In a government shutdown, Social Security checks still go out on time. In an economic shutdown — if we don’t raise the debt ceiling — they don’t go out on time. In a government shutdown, disability benefits still arrive on time. In an economic shutdown, they don’t.”

    The pressure is mounting on Washington to resolve the government shutdown and avoid a default. The question is: Which party will cave to the pressure first?

    The big money is apparently not waiting for the answer as banks are preparing for a “sudden panic among their customers” by stockpiling extra cash in their ATMs.

    Meanwhile, billionaire investor Jim Rogers is warning fellow investors:

    “This is the first time in recorded history that we have every major central bank in the world printing money, so the world is floating on an artificial sea of liquidity. Well, the artificial sea is going to disappear someday, and when it does, the catastrophe will be even worse. Yes, it’s coming.”

    However, Rogers immediately tempered his warning with sound advice:

    “I don’t see any reason to rush out and sell stocks now, because of these artificial currents which are taking place… I’m not buying U.S. shares at the moment, but I’m not shorting either, because I am concerned this may turn into a huge bubble. So I’m sitting and watching.”

    I agree with Rogers. The FTM Market Barometer is not flashing a dire warning signal… yet. However, when it does, our FTM Insiders will be alerted in real-time via email.


  • Twitter to Unveil IPO (Ticker: TWTR). In anticipation of its upcoming initial public offering, Twitter has released its S1 filing for potential investors. Until now, Twitter’s financial data has been strictly available to insiders. Here’s what we know now. Twitter has fast growing revenues but has failed to turn a profit yet. Its strength, however, lies in its infiltration of the lucrative mobile market. This is Twitter’s strength as its original roots are in the mobile market. 75% of its users visit the site on mobile devices and 65% of its ad revenues are derived from mobile ads. With just 218 million users, it is far smaller than its competitor, Facebook, with its 1 billion+ active monthly users. It also generates less revenue per user than Facebook and, worse yet, its user growth rate is slowing rather quickly. Regardless, Twitter has become an American icon and has ambitious plans that investors can expect to hear more details on soon. There is plenty of growth potential for Twitter, especially if it is able to raise its expected $1 billion from the IPO. I am personally intrigued by Twitter as a pure play on the continued growth in the mobile market. No word yet, but I’ll keep you posted on my thoughts as we get closer to the IPO, which should come no later than the first week of November. (Link)


  • Market Wrap. Investors pushed U.S. stocks higher on Friday with the Dow Jones finishing the week above its key level of 15,000. Still, the Dow and the S&P 500 lost ground for the week. The Nasdaq, however, closed the week in positive territory for the fifth consecutive week. Meanwhile, gold fell 2.2% on the week. Palladium -4.1%. Marketwatch asks: “Why is Uncle Sam hoarding gold?”


    CHART OF THE DAY – CHEVRON (BIG OIL)

    Jerry’s Comments: I like big oil stocks and Chevron (Ticker: CVX) has long been one of my favorite plays on the sector. The company is sitting atop a huge pile of cash and has valuable assets all over the world. It currently pays a healthy 3.3% dividend. Since the beginning of 2011, I have viewed every dip below $100 as an immediate buying opportunity for CVX. In today’s chart, notice that Chevron’s nearly one year bullish uptrend is showing signs of failure. However, the stock may be due for a bounce in the near-term as it is nearing oversold territory. Additionally, the stock has officially entered the buy zone on our stochastic settings. To use the stochastic buy signal, we would simply purchase the stock once the black line fully emerges above the green “buy zone.” Note: We will have a full report on our favorite energy stocks in our upcoming issue of FTMQuarterly due out later this month.

    Want to get Jerry’s trading ideas everyday in your email inbox? Learn more here.

    VIDEO OF THE DAY

    Obama Supporters Don’t Know What Party Obama Is Affiliated With


    OTHER STUFF YOU SHOULD KNOW

  • Ultra-secretive Trans-Pacific Partnership heading to finish line. The controversial, but highly secretive, trade pact that would encompass 40% of the world’s economy is reportedly nearing the finish line. The TPP has been billed as a “free trade zone” that would cover 12 Pacific Rim countries including: the US, Japan, Australia, Peru, Malaysia, Vietnam, New Zealand, Chile, Singapore, Canada, Mexico, and Brunei Darussalam. Opponents, however, claim that the TPP is nothing more than a corporate trojan horse. (Link)


  • Internet freedom on decline worldwide as governments tighten grip. According to a new annual report produced by non-profit Freedom House, 34 out of 60 countries surveyed showed a decline in internet freedom over the past year. According to the report, many governments have “either obtained more sophisticated surveillance technology, increased the scope of people monitored, or passed a new law giving it greater monitoring authority.” The report continues: “While blocking and filtering remain the preferred methods of censorship in many countries, governments are increasingly looking at who is saying what online, and finding ways to punish them… In some countries, a user can get arrested for simply posting on Facebook or for “liking” a friend’s comment that is critical of the authorities.” (Link)


  • Saudi cancels UN speech in protest over handling of Syria. In an unprecedented move, the Saudis threw a major tantrum at the UN General Assembly last Tuesday when Prince Saud Al Faisal, who was scheduled to deliver a speech, backed out at the last minute in protest over the international community’s handling of the Syrian crisis and its failure to deal with the lingering Palestinian statehood issue. As a major financial backer of the Syrian “rebel” groups, the Saudis became outraged over the West’s adoption of a Russian plan that led to a diplomatic solution. (Link)


    DOCUMENTARY OF THE WEEK

    Why We Fight: This is one of the best documentaries detailing the rise of America’s war machine and the military-industrial complex.


     
    Keep your heads up and eyes open friends.

    Until Monday,

    Jerry Robinson
    Jerry Robinson
    FTMDaily.com
    Founder & Editor


    Bible Verse of the Day

    “Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. This too is meaningless.”
    Ecclesiastes 5:10


    Utmost for His Highest – Daily Devotional

    “No human being knows human beings as God does.” (Link)


    This Day in History

    10/4/1965: Pope Paul VI arrives in New York, the first Pope to visit the United States of America and the Western hemisphere.


    DISCLAIMER: The above trading ideas are from my own personal stock watchlist and are for educational and informational purposes only. They are NOT specific buy recommendations. Trading stocks is risky and you could lose all of your money. Trade at your own risk. Jerry Robinson is not an investment advisor. You should always consult a trusted financial services professional before making any financial or investment decisions. READ FULL DISCLAIMER.

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