ISSUES....
Inside,
confidential, off the record
More
on NK nuclear
Here is this intereting piece on North Korea that our friend Dennis
Gartman wrote on Tuesday. There are reports circulating that N.
Korea is considering a second nuclear test, although we have to
believe that those reports are not to be taken to seriously. We
have our very serious doubts as to their veracity. When queried
about
that possibility, Japan's Foreign Minister, Mr. Taro Aso, said
that "We have information, but I cannot speak about its contents."
Mr. Shiozaki, the Chief Cabinet Minister in the new Abe government,
said when asked the same questio made of Mr. Aso, said "We
are aware that that there are various reports [concerning a second
N. Korean test and] we are exchanging information on a constant
basis, but we
should not disclose the content of such exchanges." As we
understand it, there have been "suspicious" movements
of vehicles and equipment in and around suspected nuclear testing
grounds in N. Korea, suggesting that a second test is
possible. It is possible that the recent test was a virtual "dud,"
albeit a nuclear explosion and not a conventional weapon, and
that Kim Jung Il is so angry about the small nature of the explosion
that he may be demanding that his scientists and military experts
schedule another test as quickly as possible. This is however,
N. Korea. it is not referred to as the "Hermit Kingdom"
for nothing. Further, we note that the N. Korean government this
morning has said that the UN's decision to invoke sanctions is
a declaration of war. This is utter nonsense from the Hermit Kingdom,
for what is N. Korea going to do? Wage war against the US, Russia,
the UK, France, China et al? We think not. This is the language
of a regime in power, hoping only to manipulate its citizens into
seeing themselves as set upon by enemies from abroad, and hoping
that the citizenry will unite against the outside world rather
than against the regime itself. Were this not so sad, it would
be funny... but sad it is indeed.
For
more on interesting comments, you can subscribe to The Gartman
Letter by contacting Dennis Garthman: Phone 757 238 9346, Fax
757 238 9346 or dennis@thegartmanletter.com
ISSUES....
Is an independent
journalist effort from Petroleumworld, on Inside, Confidential
and Off The Record Information, its views are not necessarily
those of
Petroleumworld
Legal
information: Copyright/Disclaimer
Copyright ©Petroleumworld, 2005, All rights reserved
Send
this story to a friend
