http://www.illuminatisilver.comToday is Monday 4th January 2016 and we are addressing the issue of Saudi Arabia expelling Iranian Diplomats and the increasing tension in the Region.
The BBC reported today that “Saudi Arabia has given Iranian diplomats two days to leave the country, amid a row over the Saudi execution of a top Shia Muslim cleric.”
On Saturday 2nd January Saudi Arabia executed 47 prisoners who had been convicted of terror related offences. Most of the 47 people executed were Sunnis convicted of involvement in al-Qaeda-linked terror attacks over the last decade.
Sheikh Nimr al-Nimr was one of the 47, and had been a persistent critic of Saudi Arabia’s Sunni Royal family. He had been arrested many times during the past 10 years and alleged that he had been beaten by the Saudi secret police on one occasion. He had a strong following from Saudi Shia’s especially youth members. Sheikh Nimr was involved in anti-government protests that erupted in Saudi Arabia in the wake of the Arab Spring, up to his arrest in 2012.
Sunday evening, police came under heavy gunfire in his home town of Awamiya in Saudi Arabia's Eastern Province, leaving one civilian dead and a child injured, according to the Saudi Press Agency
Saudi Arabia announced it was severing diplomatic relations with Iran after demonstrators stormed the Saudi Embassy in Tehran, and late on Sunday gave Iranian diplomats 48 hours to leave.
It has also recalled its diplomats from Tehran.
Ian Bremmer, President of the Eurasia Group consulting firm said “There are domestic reasons for both of these countries right now to refuse to pull punches against each other," …. Saudi Arabia, is dealing with plummeting oil prices and an internal succession battle over who will next take the throne. Iran, needs a way to block reformists and Western advances in light of the recent nuclear deal. For both sides, he said, “nationalist behaviour can score points at home……..That, makes this an incredibly dangerous conflict."
We have already seen gold rise today by $17 up 1.6% and silver by 36 cents up 2.6 %. These figures being curtailed or capped somewhat by poor PMI data or manufacturing data being announced by China. The next couple of weeks will prove quite volatile for sure.
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