• September 16, 2011

    Why September 20, 2011 is
    a Critical Date for Investors

    By Dennis Slothower
    Editor, Stealth Stocks

    I want you to know that something potentially explosive that is scheduled to happen on September 20-21. It is crucial as an investor that you are aware of this.

    At the 66th session of the United Nations, on September 20th, acting Palestinian PA Chief, Mahmud Abbas will present a request to UN Secretary General Ban Ki-moon for UN recognition of Palestine to become an independent state.

    It is an almost foregone conclusion the UN will recognize Palestine as a new nation.

    “Ron Prosor, Israel’s ambassador to the United Nations, told the Foreign Ministry last week that Israel has no chance of rallying a substantial number of states to oppose a resolution at the UN General Assembly recognizing a Palestinian state in September.

    Prosor - considered one of the most experienced and senior Israeli diplomats - offered a very pessimistic estimate as to Israel’s ability to significantly affect the results of the vote. Even though he did not state so explicitly, Prosor implies that Israel will sustain a diplomatic defeat.

    “The maximum that we can hope to gain [at the UN vote] is for a group of states who will abstain or be absent during the vote,” Prosor wrote, adding that his comments are based on more than 60 meetings he held during the past few weeks with his counterparts at the UN. “Only a few countries will vote against the Palestinian initiative,” he wrote.”

    - Haaretz.com

    However, on Thursday, September 8 the Obama administration confirmed it will indeed cast a veto vote on Palestinians’ statehood bid at the UN Security Council.


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    Could the Federal Reserve also be saying that on September 20-21 that its range of tools should be respected as an economic weapon should the UN grow more militant against Israel?

    September has the potential to be a Pandora’s Box, particularly towards the end of the month, from a geopolitical perspective.

    From an economic perspective, Pandora’s Box has already been opened when oil consumption breeched 4% of GDP this summer, which has always triggered “oil shock” recessions historically. And it is still above 4% at $90 a barrel WTI and $114 Brent.

    Technically, we remain caught in a bearish wedge trending below a 50-day EMA in bear market territory, with rumors changing day by day.

    Friday, September 9th, 2011 at 13:17
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