Re: Oil crisis
in response to
by
posted on
May 06, 2008 05:45PM
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Gold and Oil have a historical connection and usually go up and down together (Energy is about 1/3 the cost of minning). The ratio should be about 10 to 1 so at $120.00 oil gold should be at $1200.00 oz. At the current time either oil is too expensive or gold is too cheap.
I think gold is too cheap and will have to play catch up later.