TSX:SGR.UN - Post by User
Comment by
timewilltellon Aug 29, 2013 6:56pm
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Post# 21707853
RE:RE:Syrian war build up
RE:RE:Syrian war build upTypically in these build up to war situations oil goes up, gold goes up, and more so during the first few days due to fears of further instability.
if you look at the gold and oil charts from Iraq invasion, Cosovo all the way back to WWII, this is the case.
after stability is achieved the NYSE usually gets a boost, as it is seen as a show of strength for the US.
i am not convinced that the hike in gold this time has a great deal to do with war fears.
Gold has risen due to fears in the world economy as a whole.
There is a sentiment of cynisism in regards to fiat currency and artificially inflated markets.