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Re: If Oil Will Be $150 This Year, What Will Gold Be?
That would be great but unlikely. Oil is operating on different fundementals than gold at the moment as it is is partially acting as gold has as an inflation hedge. As such, for the time, I don't imagine we'll see that 15 to 1 hold up. I think it will hit $1,200 min and $1,500 max.
However, I also feel that oil's stay above $150 will be very short lived in this attempt.
