His base of operations is Latin-America, one of the world's more prolific crude oil producing areas. Due to his sensitive professional affiliations, he elected to remain anonymous. It appears that the Treasury and the FED have defied the market on the 13th of October, in order to prevent the coming plunge in the stock market.
Times are indeed interesting.
What these institutions seem to be forgetting, or it may be that they do not care about it at the moment, is that there are hundreds of thousands of savvy investors that do understand the fundamentals. These investors will see through the smoke and the fog, that these interventions are temporary and have a political intention. Therefore, it is the author's opinion, that the downward forces that this intervention will unleash, just as the SPR intervention has unleashed some unnecessary brutal forces in the Middle-East and at home, will be brutal and savage in nature and longer in time than if the market was left to its own devices. These institutions appear to have alienated the Europeans, the Australians and many gold investors and producers. They have done the same in 1997 to the Asians as well as to the Oil industry and producers in 1998.