Arab wars : Bahrain issues cause oil & gold to spike

For those following gold and oil and the Middle East revolutions, the latest news below is the reason for the spike in prices over the past hour or so.

A recently formed Bahraini Shiite opposition coalition issued a joint statement Tuesday in which they vowed to push for the creation of a republic in Bahrain. As Bahrain has been governed by the al-Khalifa Sunni monarchy for more than two centuries, this is quite a bold aspiration, and eclipses the demands issued by the protest movement thus far. Until now, the predominately Shiite protesters have called for the resignation of the government and other political reforms, but not outright regime change.

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