A possible cyber attack are widespread as a run has strong Cyber Capabilities and it has previously been linked to attacks on major banks such as j. P. Morgan bank of america and wells fargo in 2012 saudi aramco suffered one of the worst Cyber Attacks in history when 35000. 00 computers were partially wiped or destroyed by hackers now while the decline housewife almost 200000000000. 00 on the companys market cap saudi aramco shares are relatively insulated from conflict as many of them are held by government institutions and regional investors who are less likely to sell the company now continues to lean heavily on friendly local investors to uphold its bloated valuation. Joining me to take a deeper dive into these topics and to give us a broader scope of how markets are reacting were happy to be joined by peter schiff of europe a civic. Above the trading thank you both very much for being here so peter lets start with you gold and oil now are are spiking for very Different Reasons wha
Pile up in this and the so we break down what else has gone wrong for the embattled Aerospace Giant with molly barrows contributor with americas lawyers we have so much to get to today so lets waste no time and jump right in. As tensions in the middle east escalate over the weekend Global Markets are slumping as investors push toward safe haven gold is at 7 year highs and oil jumped briefly to its highest since september there is fear that any middle east conflict could disrupt global supplies with futures rising 2 percent to 70. 00 per barrel and u. S. Crude climbing to 64. 00 while crude turn lower monday giving up earlier gains it is still posting its 5th straight week of games the u. S. Is becoming less sensitive to Oil Disruptions and price spikes as the country became a net patrolling explorer for the 1st time in modern history analysts have commented that further up sties still remains as iran is almost certain to respond in some scale scope and magnitude and events in 2900 serv
This and the so we break down what else has gone wrong for the embattled Aerospace Giant with molly barrows contributor with American Lawyer we have so much to get to today so lets waste no time and jump right in. As tensions in the middle east escalate over the weekend Global Markets are slumping as investors push toward safe haven gold is at 7 year highs and oil jumped briefly to its highest since september and there is fear that any middle east conflict could disrupt global supplies with futures rising 2 percent to 70. 00 per barrel and u. S. Crude climbing to 64. 00 while crude turn lower monday giving up earlier gains it is still posting its 5th straight week of gains the u. S. Is becoming less sensitive to Oil Disruptions and price spikes as the country became a net patrolling explorer for the 1st time in modern history analysts have commented that further up sties still remains as iran is almost certain to respond in some scale scope and magnitude and events in 2900 served as a
Irans Supreme Leader ali come anigh promising revenge and President Trump warning to iran against the actions now bit quiet quite popular in iran they have been quite popular ever since last year and citizens have actually turned to the point to try to evade u. S. Sanctions on the country so how will this escalation affect the coin and how high do you see this pushing. Where you know were still significantly from the highs i mean those were 7520000 i mean the one saying about the cryptocurrency is its unrelated to the Federal Reserve is unrelated to Central Banks its not manipulated by them and you cant carry out a ton of gold out of a country if you want to leap versus if you have Digital Currency you can take it with you i think it probably goes back to 10000 i think probably at some bit makes a brand new high i do believe that the Digital Currency is the wave of the future i think thats the wave of beating the fed and all the central bank manipulation. And things that go on througho
Is becoming less sensitive to Oil Disruptions and price spikes as a country became a net patrolling x. Where for the 1st time in modern history analysts have commented that further up style is still remains as iran is almost certain to respond in some scale scope and magnitude and events in 2900 served as a reminder for just how vulnerable the worlds oil supply is when attacks in september briefly took 5700000. 00 barrels a day off line as the outlook for Oil Remains Bullish for analysts across the board Higher Oil Prices could soon hit consumers at the moment pushing inflation hire a Prolonged Oil price surge could raise the risk of a Global Economic recession some learned that in 1970 s. Saudi aramco shares have now slumped to their lowest level since its record breaking i. P. O. As investors brace for potential iranian retaliation over last weekends assassination of the countrys most powerful general the stock dropped over 2 percent even as the price of oil rose 6 percent since frid