Although there has been no official statement from Mubarak himself, newswires are on fire, twitter pages are chirping about his resignition.
Taking his place at the moment is the military high council, ultimately ending up with Vice President Omar Suleiman in charge, from what is being reported by sources that are in Egypt at the moment.
There are many questions this situation brings to light…
Will the elections still happen as scheduled in September?
If the military does take charge, will they keep any type of structure in the government?
Will the daily operations of the Suez canal change?
How quick can the protesters change course and become an organized body?
Will the muslim brotherhood take control, as they are the most organized group within Egypt at the moment.
IS THIS A MILITARY COUP?
Precious Metals were having an intraday correction when the announcement came. No doubt the falling prices were caused by profit taking from the recent run in metals. They turned and came back upward as soon as the announcement out of Egypt hit the newswires.
Dont miss this upcoming run within the precious metals market!
If you have been a player on the sidelines, it’s time to get in the game. If you have been a spectator dreaming of playing, fasten your seat belts for a great spectacle to come