3309 Drysdale Ct
Edwardsville, IL 62025
I find it surprising that oil is not moving with gold? anyone care to explain?
Oil has been associated with a global market Gold has been associated with fear of the current crises
Oil has more than doubled off its' lows... Gold still has plenty of room to run
the triangle measures up to about 1085 - 1100 for an extended flat
Maybe it has something to do with oil ETN's being shut down,so they have to sell futures contracts to liquidate. Maybe some of that inflation hedge is moving to gold.
Oil may be too correlated to the economy and if that turns bad (as we suspect) oil may well drop.
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Oil and gold
Posted by ditch on 2nd of Sep 2009 at 03:33 pm
I find it surprising that oil is not moving with gold? anyone care to explain?
Oil has been associated with
Posted by zayed on 2nd of Sep 2009 at 10:09 pm
Oil has been associated with a global market
Gold has been associated with fear of the current crises
Oil has more than doubled
Posted by yankee19 on 2nd of Sep 2009 at 10:02 pm
Oil has more than doubled off its' lows... Gold still has plenty of room to run
the triangle measures up to
Posted by matt on 2nd of Sep 2009 at 10:05 pm
the triangle measures up to about 1085 - 1100 for an extended flat
Maybe it has something to
Posted by shamutooth on 2nd of Sep 2009 at 04:31 pm
Maybe it has something to do with oil ETN's being shut down,so they have to sell futures contracts to liquidate. Maybe some of that inflation hedge is moving to gold.
Safe Haven Buying
Posted by saturn6 on 2nd of Sep 2009 at 03:44 pm
Oil may be too correlated to the economy and if that turns bad (as we suspect) oil may well drop.