Voltalia Ord Shs VLTAF

checking out the markets

[blues2nz]

The price of oil seems to be fuel (no pun intended) for gold price as inflation goes down or up. The US dollar imoves inversly to gold and now with oil. Follow oil and gold seems in step. The  world is awash in energy so how does that compare to the late 70s where gold took off.  We may need a war in Iran to kick start the move up the price of gold

I am a Mechanical eng tech not a economist so am I wrong?

[VentureTrader1]

Best case for gold miners is weak oil price, coupled with fiscal irresponsibility by govts and currency depreciation because if oil's weak it keeps production prices down.  That's the big question this time around though - does new demand out of China/India overwhelm the weakening western demand from economic slowdown, resulting in oil price rising even as the global economy

[blues2nz]

China has slowed to a meager 8%or so which is still huge. The prob I see is Canada and the US who are growing at 2% will see declines in the export numbers and with EU (germany aside) having nothing to buy may send the overall economy in the tank. But the US consumer buys at near old levels and saving little so there you go. So when China wants payment (the old russian aircraft carrier aside