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Don't Overlook the Gulf

While the world's attention remains fixed on the terrible tragedy unfolding in Japan, investors should not overlook developments in the Persian Gulf. The potential impact on the financial markets is significant.

Reuters is reporting Saudi troops actively moving in Bahrain. Anytime military forces cross a border, we have to take note. When it happens in one of the the world's largest oilfields, it is crucial. WTI still holdng just above $100 as of this writing.