GREY:GDRRF - Post by User
Post by
GordonGekko12on Jan 03, 2007 11:03am
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Post# 11948140
Oil vs Gold
Oil vs GoldOil testing $60, historically oil and gold tend to move in same direction and most analyst suggest once this trend breaks it would be one leading indicator of a huge gold run. Gold was up $7 in early morning trading. (is this the beginning?)
Some crazy analyst on ROBtv was predicting $1000 by years end..... and I thought $800 was aggressive. However, imagine what a lower oil price, say $.40, would do to the already fragile US economy. Compound that with all the central banks loading up on gold and unloading US $.....maybe $1000 isn't so crazy.