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 pmbcomm writes: Three key factors are driving up the price of oil and its proxy, gold. First, the price we are paying for gold is directly related to the price we are paying for oil, and gold's fast-moving price reflects a rapidly deteriorating situation in the petroleum industry.
Second, when you are in a bull market for stocks, commodities decline, and vice versa. We are now in a major commodity bull. Finally, there is an inverse relationship between the US dollar and the commodities priced in greenbacks, and the dollar is on the point of collapse.
Language Instinct
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Posted on Monday, March 17 @ 13:23:00 EDT by Leanan |
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